$2,680,000
bedrooms
0
bathrooms
0
square feet
5,694
Acreage
0.0574
Open Houses
-
year built
2011
Full Baths
0
Half Baths
0
We are pleased to offer a high-performing mixed-use property located in the heart of Williamsburg, Brooklyn — one of New York City’s most dynamic and desirable neighborhoods for both residential and commercial tenancy.
Constructed in 2000 and meticulously maintained, this three-story asset comprises a ground-floor retail space currently occupied by a long-standing deli operator, one full-floor 3-bedroom residential unit, and four 1-bedroom apartments. All units are separately metered, with clean utility separation and low-maintenance common areas. Importantly, there are no leases in place, presenting a rare opportunity for immediate repositioning to market rents in an area experiencing sustained demand and limited supply.
The property generates a gross annual income of $246,000, with modest operating expenses totaling $85,384. After accounting for a standard 5% vacancy reserve, the net operating income stands at approximately $148,316. Based on a 5.5% capitalization rate, this implies a market valuation in the range of $2.7 million.
Financing scenarios at 75% loan-to-value and a 6% interest rate project a strong cash-on-cash return, with ample debt coverage supported by in-place income.
Williamsburg continues to attract a diverse and affluent tenant base, driven by its unique blend of residential appeal, retail vibrancy, and transit accessibility. This asset is exceptionally positioned to benefit from the neighborhood’s long-term trajectory, offering both immediate cash flow and long-range value appreciation.
Location | |
Subdivision | - |
County | Kings (Brooklyn) |
Elementary School | - |
Middle School | - |
High School | - |
Exact location data not provided
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 842824
Listing agent:
Carlos Delgado
#10401350720
Listing broker:
Keller Williams Landmark Ii
(347) 846-1200
Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
[source]
Last update: Tuesday, April 22 2025 at 3:39 p.m. EDT
Kotohomes National
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