176 Graham Ave Brooklyn, NY 11206

Property Details for 176 Graham Ave

Year built

1920

Lot size

0.06 lot acres

Property size

5,055 SF

Zone code

R6

Property type

Investment properties

Property subtype

Live-work space

APN

03053-0005

APU

30530005

Description

This exceptional Williamsburg, Brooklyn property at 176 Graham Ave presents a lucrative investment opportunity. Priced at $3,800,000, this mixed-use building boasts a strong 5.95% capitalization rate and a substantial net operating income (NOI) of $210,549. The property comprises one retail space currently leased to a pizzeria generating $4,800 in monthly rent, and five fully deregulated residential units. Three of the residential units are three-bedroom apartments, each commanding $3,950 in monthly rent. The remaining two units are two-bedroom apartments, renting for $2,600 and $2,650 per month, respectively, and one additional two-bedroom unit renting for $2,800 per month. The building is in excellent condition and enjoys a highly desirable location in Williamsburg, offering convenient access to the G, L, J, and M subway lines. This presents significant potential for future growth and increased rental income. The strong tenant base and consistent cash flow make this a compelling investment for discerning buyers seeking a stable and appreciating asset in a vibrant Brooklyn neighborhood. All units are currently occupied. This is a rare opportunity to acquire a well-maintained, income-producing property in a prime location with significant upside potential.

Location Insight

City

Brooklyn

County

Kings

State

New York

Longitude

-73.943

Latitude

40.7078

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments