Property summary
This exceptional 6-unit apartment building presents a lucrative investment opportunity in the highly sought-after Williamsburg neighborhood of Brooklyn, New York. The newly constructed, four-story walk-up building boasts a total of 6,756 square feet, encompassing five residential units and one commercial unit. Each unit commands a price of $1,300,000, contributing to the building's impressive $7,800,000 asking price. Built in 2021, the property sits on a 2,500 square foot lot and is zoned M1-2/R6A, MX-8. Its prime location places it within easy walking distance of the L and G subway lines, providing convenient access to Manhattan and other parts of Brooklyn. Residents and businesses will also appreciate the proximity to McCarren Park and Marsha P. Johnson State Park, offering ample green space and recreational opportunities. The building's location near the East River adds to its desirability. Currently vacant, this property offers immediate occupancy and the potential for significant rental income. The building's modern construction and desirable location make it an ideal investment for discerning buyers seeking a high-return property in one of Brooklyn's most vibrant neighborhoods. This is a rare opportunity to acquire a turnkey multifamily asset in a rapidly appreciating market. The property is delivered vacant, allowing for immediate customization and leasing.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
M12R6A · Brooklyn, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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