157 N 5th St
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157 N 5th St
4 Unit Apartment Building $5,101,474 CAD ($1,275,369 CAD/Unit) 4.64% Cap Rate Brooklyn, NY 11211
Investment Highlights
- Calling All Investors, Developers, & End-Users!!! 100% Occupied 4 Unit Free Market Mixed-Use Building In Williamsburg For Sale!!!
- The Property Also Features Low Property Taxes (Only $5,013), 200 Amp Power, All New LED Lighting, A/C, +++!!!
- Neighbors Include Google, Nike, UPS, Dunkin’, Walgreens, McDonald’s, Orangetheory Fitness, Blink Fitness, +++!!!
- The Property Features Excellent Signage, Great Exposure, High 9’ Ceilings, 2 Br. Apartment, (2) 3 Br. Apartments, Separate Meters,++
- The Property Is Located Close To The BQE, Williamsburg Bridge And McCarren Park & Pool!!! The Property Is Also Only 2 Blocks From Metropolitan Ave.!!!
- This Property Has HUGE Upside Potential!!! This Opportunity Won't Last Long!!! This Property Would Make A Nice Addition To Your Investment Portfolio!!
Executive Summary
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, 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): $44,400 Ann.
2nd Floor (3 Br., 2 Bath): $51,600 Ann.
3rd Floor (3 Br., 2 Bath): $56,400 Ann.
LL Spa: $30,000 Ann.
Gross Income: $181,200 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 Ann.
Net Operating Income (NOI): $168,019 Ann.
Income:
1st Floor (2 Br., 2 Bath): $44,400 Ann.
2nd Floor (3 Br., 2 Bath): $51,600 Ann.
3rd Floor (3 Br., 2 Bath): $56,400 Ann.
LL Spa: $30,000 Ann.
Gross Income: $181,200 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 Ann.
Net Operating Income (NOI): $168,019 Ann.
Financial Summary (Actual - 2022) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$258,547
|
$64.64
|
| Taxes |
$7,106
|
$1.78
|
| Operating Expenses |
$13,279
|
$3.32
|
| Total Expenses |
$20,385
|
$5.10
|
| Net Operating Income |
$238,162
|
$59.54
|
Financial Summary (Actual - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $258,547 |
| Annual Per SF | $64.64 |
| Taxes (CAD) | |
|---|---|
| Annual | $7,106 |
| Annual Per SF | $1.78 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $13,279 |
| Annual Per SF | $3.32 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $20,385 |
| Annual Per SF | $5.10 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $238,162 |
| Annual Per SF | $59.54 |
Property Facts
| Price | $5,101,474 CAD | Building Class | C |
| Price Per Unit | $1,275,369 CAD | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 4,000 SF |
| Cap Rate | 4.64% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1899 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Apartment Style | Low Rise |
| Price | $5,101,474 CAD |
| Price Per Unit | $1,275,369 CAD |
| Sale Type | Investment |
| Cap Rate | 4.64% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1899 |
| Parking Ratio | 1.5/1,000 SF |
Unit Amenities
- Dishwasher
- Microwave
- Heating
- Kitchen
- Hardwood Floors
- Oven
- Yard
Site Amenities
- 24 Hour Access
- Fenced Lot
- Trash Pickup - Curbside
- Storage Space
- On-Site ATM
Walk Score ®
Walker's Paradise (100)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (94)
zoning
| Zoning Code | R6B (Residential) |
| R6B (Residential) |
-
Tom Gagliano -
eRealty Advisors
(732) 991-9382
x418
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