
RealtyDepotNY
Cell: 347-219-2037
Fax: 718-896-7020
We Are Pleased To Offer A High-performing Mixed-use Property Located In The Heart Of Williamsburg, Brooklyn — One Of New York City’s Most Dynamic And Desirable Neighborhoods For Both Residential And Commercial Tenancy. Constructed In 2000 And Meticulously Maintained, This Three-story Asset Comprises A Ground-floor Retail Space Currently Occupied By A Long-standing Deli Operator, One Full-floor 3-bedroom Residential Unit, And Four 1-bedroom Apartments. All Units Are Separately Metered, With Clean Utility Separation And Low-maintenance Common Areas. Importantly, There Are No Leases In Place, Presenting A Rare Opportunity For Immediate Repositioning To Market Rents In An Area Experiencing Sustained Demand And Limited Supply. The Property Generates A Gross Annual Income Of $246, 000, With Modest Operating Expenses Totaling $85, 384. After Accounting For A Standard 5% Vacancy Reserve, The Net Operating Income Stands At Approximately $148, 316. Based On A 5.5% Capitalization Rate, This Implies A Market Valuation In The Range Of $2.7 Million. Financing Scenarios At 75% Loan-to-value And A 6% Interest Rate Project A Strong Cash-on-cash Return, With Ample Debt Coverage Supported By In-place Income. Williamsburg Continues To Attract A Diverse And Affluent Tenant Base, Driven By Its Unique Blend Of Residential Appeal, Retail Vibrancy, And Transit Accessibility. This Asset Is Exceptionally Positioned To Benefit From The Neighborhood’s Long-term Trajectory, Offering Both Immediate Cash Flow And Long-range Value Appreciation.
Location/Town | New York |
Area/County | Brooklyn |
Post Office/Postal City | Brooklyn |
Prop. Type | Commercial Sale |
Tax | $60,584.00 |
Year Built | 2011 |
Basement | Finished, Walk-Out Access |
Construction | Brick |
Lot SqFt | 2,500 |
Cooling | Wall/Window Unit(s) |
Heat Source | Natural Gas |
Util Incl | None |
Days On Market | 10 |
Tax Assessed Value | 575100 |
Listing information courtesy of: Keller Williams Landmark II |