$1,399,999

1516 West 5Th Street , Brooklyn, NY 11204

 
Bedrooms:17 beds
Bathrooms:10 baths
Residential:6,560 sqft
Lot:0.05
Year Built:--
Listing Status:Active

Listing Agent

Zaiyou Joe Zhu
https://www.remaxedgeny.com/
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We cannot obtain a street view for this location. Please See Google Maps for any possible street views and other mapping views.
Loan Amount:
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Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

A stunning 8-unit apartment building offering an exceptional opportunity for savvy investors or owner occupied . This well-maintained, semi-detached, four-story brick property boasts 6,560 sq. ft. of living space, featuring seven spacious 2-bedroom apartments, one charming 1-bedroom apartment, and a versatile 3-room storage facility. Fully occupied, this property generates an impressive $160,000 in annual rental income, making it a stable and high-performing asset. Located just minutes away from the "N" Subway line and the bustling Bay Parkway shopping district, this property offers unbeatable convenience and consistently high tenant demand. Recent upgrades include modernized electrical systems, two new hot water heaters, fully renovated kitchens and bathrooms, new flooring, updated toilets in every unit, and refreshed common areas, ensuring a low-maintenance and hassle-free investment. With its prime location, steady income, and significant upside potential, this property is a perfect choice for investors looking to expand their portfolio or those seeking a 1031 exchange. The flexibility of owner financing and a solid 6.5% cap rate make this a truly rare and compelling investment. Don’t let this opportunity pass you by. Contact us today to schedule your private showing and secure this exceptional property!

Detailed Items

Other Information

1516 West 5Th Street, Brooklyn, NY, 11204 is a residential listing of 6,560 sqft on a lot of 0.05. This residential listing has 17 bedrooms, and 10 baths. The map for this location can be viewed on Google maps at Google maps to property1516 West 5Th Street, Brooklyn, NY
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