Renovated 5-Unit Apartment
For Sale
Contact for pricing
473 Humboldt Street, Brooklyn, NY 11211
Renovated five-unit multifamily property with a vacant largest unit and turnkey condition for the remaining apartments.
Property SizeContact for details
Days on Market56
Property Features for 473 Humboldt Street
General Information
Standard status
Active
Property subtype
Mixed Use
Financials
Cap Rate
5.1%
Business Included
Yes
Additional Details
Multifamily Units
5
Building Details
Year Built
1928
Tenancy
Multi
Listing Agency:
Ferris Properties Corp.
(718) 383-7800
Listed By:
Laura ferris · License #10311203579
Source:
Crexi
Added: Jun 16
Changed: Aug 8
Last Checked: Aug 8 at 2:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ferris Properties Corp.
Investment Insights
Based on property information with market context.
This is a 5-unit multifamily apartment building offered for sale, with renovations completed and the largest unit delivered vacant. The anchor unit is the building’s largest configuration, a 3-bedroom apartment with outdoor space. The remaining apartments are described as turnkey and rent-ready, in good, well-maintained condition. The offering also notes no required “Day-1” capital expenditure for the primary asset.
The property is located in Williamsburg, Brooklyn, with access to subway service described as minutes-long commutes into Manhattan via the nearby Graham Ave L and Lorimer St G train stations, just a few blocks away. The remarks also describe the surrounding area as walkable to dining, art venues, nightlife, and fitness and retail options.
For investors and operators, the building is presented as 100% free-market and positioned as a straightforward lease-up scenario, with one unit ready for immediate occupancy and the balance ready to rent in current condition. The seller provides a current cap rate reference of 5.1, with a modestly calculated pro forma of 7.5, and advises that details are available upon request. Please contact the listing broker to arrange a private showing.
The property is located in Williamsburg, Brooklyn, with access to subway service described as minutes-long commutes into Manhattan via the nearby Graham Ave L and Lorimer St G train stations, just a few blocks away. The remarks also describe the surrounding area as walkable to dining, art venues, nightlife, and fitness and retail options.
For investors and operators, the building is presented as 100% free-market and positioned as a straightforward lease-up scenario, with one unit ready for immediate occupancy and the balance ready to rent in current condition. The seller provides a current cap rate reference of 5.1, with a modestly calculated pro forma of 7.5, and advises that details are available upon request. Please contact the listing broker to arrange a private showing.
Key Highlights
- Renovated 5‑unit multifamily building built in 1928
- Largest unit is a 3‑bedroom with outdoor space and is delivered vacant
- Remaining apartments are described as in turnkey, well‑maintained condition with no Day‑1 CapEx required for the primary asset
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
6,047
Businesses Nearby
Explore this area
Business Placement
Demographics for 11211, NY
68,540
Population
29,068
Households
2.4
Avg Household Size
31
Median Age
55%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
45,693
Density / Sq Mi
$105,183
Median Household Income
$67,533
Median Earnings
$2,357
Median Rent
$1,118,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated five-unit multifamily property with a vacant largest unit and turnkey condition for the remaining apartments.
Where is this apartment building located?
The property is located at 473 Humboldt Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Renovated 5‑unit multifamily building built in 1928; Largest unit is a 3‑bedroom with outdoor space and is delivered vacant; Remaining apartments are described as in turnkey, well‑maintained condition with no Day‑1 CapEx required for the primary asset
