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$ 3,400,000
Est. payment | /mo
5 Baths
$ 3,400,000
Est. payment | /mo
5 Baths
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 11830933
Full Baths 5
Year Built 1928
Annual Tax Amount $10,084
Property Description
INVESTOR ALERT/High-Yield 5-Unit Asset in Prime Williamsburg Brooklyn 11211 Rare Value-Add Multi-Family/Completely Renovated ($5,500/mth+) Anchor Unit (Largest unit 3-bdrm w/outdoor space ) delivered vacant. Zero Day-1 CapEx required for primary asset! /Remaining Units in Turnkey Condition! 100% Free Market!! Located just a few blocks to both the Graham Ave. L and Lorimer St. G trains for an effortless, minutes-long commute into Manhattan! A globally recognized residential hotspot! Steps away from premier Brooklyn dining, unmatched art venues, nightlife, gyms, yoga studios & luxury retail! Welcome to 473 Humboldt Street!! Turnkey & Rent-Ready throughout! Unlike typical value-ad assets that require heavy structural overhauls, all remaining apartments are in good, well-maintained condition! This 5-famly building has the most resilient rental market offering a perfect combination of immediate premium cash flow and a clear path to high-margin returns! Opportunity is Knocking on your door!! Cap Rate as of present is 5.1. Pro forma is modestly calculated at 7.5 Please call for a private viewing and set-up.
Location
State NY
County 36047
Rooms
Basement Full
Dining Room 0
Kitchen 0
Building
Story 3
Water Municipal
Structure Type Masonry - Brick
NEARBY SCHOOL & BUSINESS