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8 Two Bedroom Units - Mint 176 N 8th St 8 Unit Apartment Building $7,726,954 CAD ($965,869 CAD/Unit) 5.89% Cap Rate Brooklyn, NY 11211
INVESTMENT HIGHLIGHTS
- Perfectly located off Bedford Avenue in the Heart of Williamsburg, Brooklyn.
- Two Units to be delivered Vacant. All Units have their Own Individual Heated and Air-conditioned Split Systems.
EXECUTIVE SUMMARY
A total of 8 Units. All are Two Bedroom Units. 7 Units are Free Market Rent and 1 Unit is Rent Stabilized. All Units have their own Outdoor Decks. Washer and Dryer and Individual Storage Units are located in Lower Level. Excellent Condition Throughout. A Diamond. Full Security Systems including FOBS.
All Units are Modern and totally Renovated.
Rent are below market
All Units are Modern and totally Renovated.
Rent are below market
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$485,585
|
$97.12
|
| Other Income |
$9,174
|
$1.83
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$494,759
|
$98.95
|
| Taxes |
$17,596
|
$3.52
|
| Operating Expenses |
$20,933
|
$4.19
|
| Total Expenses |
$38,529
|
$7.71
|
| Net Operating Income |
$456,229
|
$91.25
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $485,585 |
| Annual Per SF | $97.12 |
| Other Income (CAD) | |
|---|---|
| Annual | $9,174 |
| Annual Per SF | $1.83 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $494,759 |
| Annual Per SF | $98.95 |
| Taxes (CAD) | |
|---|---|
| Annual | $17,596 |
| Annual Per SF | $3.52 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $20,933 |
| Annual Per SF | $4.19 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $38,529 |
| Annual Per SF | $7.71 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $456,229 |
| Annual Per SF | $91.25 |
PROPERTY FACTS
| Price | $7,726,954 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $965,869 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.89% | Building Size | 5,000 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2022 |
| Property Subtype | Apartment | ||
| Zoning | R6B - Multifamily Residential | ||
| Price | $7,726,954 CAD |
| Price Per Unit | $965,869 CAD |
| Sale Type | Investment |
| Cap Rate | 5.89% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 5,000 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1900/2022 |
| Zoning | R6B - Multifamily Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Security System
- Basement
- Deck
SITE AMENITIES
- Laundry Facilities
- Security System
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 8+1 | 8 | - | - |
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 02320-0012 | Total Assessment | $1,523,707 CAD |
| Land Assessment | $7,506 CAD | Annual Taxes | $17,596 CAD ($3.52 CAD/SF) |
| Improvements Assessment | $1,516,201 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
02320-0012
Land Assessment
$7,506 CAD
Improvements Assessment
$1,516,201 CAD
Total Assessment
$1,523,707 CAD
Annual Taxes
$17,596 CAD ($3.52 CAD/SF)
Tax Year
2025
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8 Two Bedroom Units - Mint | 176 N 8th St
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