157 N 5th Street
Brooklyn, NY, 11211 $ 3,500,000
Baths0.0 Sq 2,500 Monthly Estimate*
$ 24,449
Studio
for $3,500,000. This 2,500 square foot building was built in 1899 on a lot size of 0.06.
Calling All Investors, Developers, & End-Users!!! 100% Occupied 4 Unit Free Market Mixed-Use Building In Williamsburg For Sale!!!The Property Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 9' Ceilings, 2 Br. Apartment, (2) 3 Br. Apartments, Separate Meters, Low Property Taxes (Only $5,013), 200 Amp Power, All New LED Lighting, A/C, +++!!! The Property Is Located Close To The BQE, Williamsburg Bridge And McCarren Park & Pool!!! The Property Is Also Only 2 Blocks From Metropolitan Avenue!!! Neighbors Include Google, Nike, UPS, Dunkin', Walgreens, McDonald's, Orangetheory Fitness, Blink Fitness, +++!!! This Property Has HUGE Upside Potential!!! This Opportunity Won't Last Long!!! This Property Would Make A Nice Addition To Your Investment Portfolio!!! Income: 1st Floor (2 Br., 2 Bath): $42,000 Ann. Lease Exp.: 7/2024. 2nd Floor (3 Br., 2 Bath): $49,200 Ann. Lease Exp.: 7/2024. 3rd Floor (3 Br., 2 Bath): $52,800 Ann. Lease Exp.: 7/2024. LL Spa: $28,800 Ann. Lease Exp.: 8/2024. Gross Income: $172,800 Ann. Expenses: Gas + Electric: $2,860 Ann. (Hallway & Basement Only) Water + Sewer: $2,679 Ann. Insurance: $3,829 Ann. Taxes: $5,013 Ann. Total Expenses: $14,381 Net Operating Income (NOI): $158,419 Ann.
See more
FeaturesList ByRichard Matt ShaneListing Agent
All Island Estates Realty CorpBroker
matthewshane8828@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $24,449
- Monthly Property Taxes
- $418
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Brooklyn, NY
Average List Price $1,882,426
Percent of Sale Price 46%
About Brooklyn, NY 2,668,108 Population
8% Since 2002
$ 56,355 Median Income
36.99 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
2/2/2024 | $3,399,000 | -4.25% | Price Down |
9/6/2023 | $3,550,000 | -2.74% | Price Down |
8/2/2023 | $3,650,000 | | Listed Price |