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115 Withers St 6 Unit Apartment Building $2,502,486 CAD ($417,081 CAD/Unit) 5.30% Cap Rate Brooklyn, NY 11211
Investment Highlights
- 30 Feet Wide, 6 Unit Multifamily Property with One Unit Delivered Vacant in the Heart of Williamsburg, Brooklyn
- (1L) will be delivered vacant, offering a new owner the rare opportunity to occupy a unit in the building while rental income from remaining apts
- The property is a short walk from the L and G trains at the Lorimer Street / Metropolitan Avenue station complex, as well as the B24, B48, and Q59 bus
- located mid-block between Leonard Street and Manhattan Avenue in the booming Williamsburg section of Brooklyn
- sits on a tree-lined block of Withers Street, just blocks from McCarren Park and the dining, cafés, and bars
Executive Summary
Investment Property Realty Group (IPRG) has been exclusively retained to sell 115 Withers Street, a six-unit multifamily building located mid-block between Leonard Street and Manhattan Avenue in the booming Williamsburg section of Brooklyn. One of the apartments (1L) will be delivered vacant, offering a new owner the rare opportunity to occupy a unit in the building while rental income from the remaining apartments helps offset the mortgage.
This 30-foot-wide building sits on a tree-lined block of Withers Street, just blocks from McCarren Park and the dining, cafés, and bars. The property is a short walk from the L and G trains at the Lorimer Street / Metropolitan Avenue station complex, as well as the B24, B48, and Q59 bus lines
This 30-foot-wide building sits on a tree-lined block of Withers Street, just blocks from McCarren Park and the dining, cafés, and bars. The property is a short walk from the L and G trains at the Lorimer Street / Metropolitan Avenue station complex, as well as the B24, B48, and Q59 bus lines
Property Facts
| Price | $2,502,486 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $417,081 CAD | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 5,400 SF |
| Cap Rate | 5.30% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | ||
| Zoning | R6B | ||
| Price | $2,502,486 CAD |
| Price Per Unit | $417,081 CAD |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.07 AC |
| Building Size | 5,400 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1928 |
| Zoning | R6B |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Yard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 900 |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 02738-0036 | Improvements Assessment | $1,383,435 CAD |
| Land Assessment | $11,253 CAD | Total Assessment | $1,394,687 CAD |
Property Taxes
Parcel Number
02738-0036
Land Assessment
$11,253 CAD
Improvements Assessment
$1,383,435 CAD
Total Assessment
$1,394,687 CAD
Contacts
-
Corey Haynes -
Derek Bestreich -
Luke Sproviero -
Donal Flaherty -
Thomas Ventura -
Sal Monteverde -
James Maliszewski -
Investment Property Realty Group
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115 Withers St
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