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    576 Williams Ave Brooklyn, NY 11207

    For Sale
    $1,370,000

    Newly renovated 4-family, high-potential income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This stunning, newly and gut-renovated four-family property is located in the heart of Brooklyn, NY, at 576 Williams Ave, zip code 11207. The property sits on a 0.06-acre lot and offers a significant investment opportunity. The building features a fully finished basement with high ceilings, equipped with four boilers, four hot water tanks, security cameras, four gas meters, and five electric meters. The basement also boasts two entrances and is currently vacant, presenting a unique opportunity for additional income generation or expansion. The first floor contains a vacant, fully renovated two-bedroom, one-and-a-half-bathroom apartment. The second floor comprises two apartments: a fully renovated three-bedroom, two-bathroom unit currently occupied by a paying tenant, and a vacant, fully renovated three-bedroom, two-bathroom unit. Another fully renovated three-bedroom, two-bathroom apartment is also located on the second floor and is currently vacant. The roof is in good condition. This exceptional property enjoys a prime location, offering convenient access to subway lines, MTA buses, highways, supermarkets, restaurants, and parks. The asking price is $1,370,000. This is a rare opportunity to acquire a high-yield, well-maintained mixed-use property in a thriving Brooklyn neighborhood.

    Property Features for 576 Williams Ave

    General Information

    Property type
    Mixed-use properties
    Lot Size
    2,614 SF

    HighLights

    • Gut‑renovated four‑family in prime Brooklyn location (576 Williams Ave, 11207).
    • 0.06‑acre lot, $1,370,000 asking price.
    • Fully finished basement with four boilers, four hot water tanks, security cameras, and multiple meters; two entrances; currently vacant.
    • First floor: vacant, renovated 2BR/1.5BA.
    • Second floor: one occupied 3BR/2BA, two vacant 3BR/2BA units.
    • Good roof condition.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    36047
    State
    New York
    Longitude
    -73.8973851
    Latitude
    40.6616456

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    FAQs

    What type of property is this?
    Mixed-use property - Newly renovated 4-family, high-potential income.
    Where is this mixed-use property located?
    The property is located at 576 Williams Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,370,000.
    What are key features of this property?
    This property features: Gut-renovated four-family in prime Brooklyn location (576 Williams Ave, 11207).; 0.06-acre lot, $1,370,000 asking price.; Fully finished basement with four boilers, four hot water tanks, security cameras, and multiple meters; two entrances; currently vacant.
    Request Owner's contact information
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    Brooklyn, NY 11207
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    576 Williams Ave Brooklyn, NY 11207
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