About 157 N 5th Street
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.
Features of 157 N 5th Street
| MLS® # | 3495017 |
|---|---|
| Price | $3,500,000 |
| Bathrooms | 0.00 |
| Acres | 0.06 |
| Year Built | 1899 |
| Type | Commercial |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 157 N 5th Street |
|---|---|
| City | Williamsburg |
| County | Brooklyn |
| State | NY |
| Zip Code | 11211 |
Additional Information
Listing Details
| Office | All Island Estates Realty Corp |
|---|---|
| Office Contact | 516-783-5600 |