$3,400,000

473 Humboldt Street, Brooklyn NY, 11211

Price per sqft$906.67

Built in1928

Property size3,750 sqft

Property typeCommercial

Overview

Active

Updated 12 days ago

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.

Additional information

MLS^® ID: 11830933

Interior Features

Bedrooms: 0
Bathrooms: 5
Heating: Yes
Basement: Yes

Exterior Features

Lot Size: 25 Acres

Other Property Details

Taxes: $10,084
Tax Frequency: Annually
View: Yes

Courtesy of Ferris Properties Corp. with ,
Listing Contact:

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