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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. 7 Units are Free Market Rent and 1 Unit is Rent Stabilized and delivered vacant. All Units have their own large Outdoor Decks or Rear Yard Access. Washer and Dryer and Individual Storage Units are located in Lower Level. Excellent Condition Throughout. A Diamond. Full Video Security Systems including FOBS. All Units have Split AC/Heat System individually metered. DHCR available for review and verifications.
All Units are Modern and totally Renovated. Highly Desirable Location.

Financial Summary (Actual - 2026)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $540,102 $108.02
Other Income - -
Vacancy Loss - -
Effective Gross Income $540,102 $108.02
Taxes $17,456 $3.49
Operating Expenses $32,543 $6.51
Total Expenses $49,999 $10.00
Net Operating Income $490,103 $98.02

Financial Summary (Actual - 2026)

Gross Rental Income (CAD)
Annual $540,102
Annual Per SF $108.02
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $540,102
Annual Per SF $108.02
Taxes (CAD)
Annual $17,456
Annual Per SF $3.49
Operating Expenses (CAD)
Annual $32,543
Annual Per SF $6.51
Total Expenses (CAD)
Annual $49,999
Annual Per SF $10.00
Net Operating Income (CAD)
Annual $490,103
Annual Per SF $98.02

Property Facts

Price $7,665,527 CAD
Price Per Unit $958,191 CAD
Sale Type Investment
Cap Rate 6.35%
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
  • Balcony
  • Cable Ready
  • Dishwasher
  • Basement
  • Deck
  • Intercom

Site Amenities

  • Laundry Facilities
  • Security System
  • Storage Space

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
8+1 8 - -
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100

Property Taxes

Property Taxes

Parcel Number
02320-0012
Land Assessment
$7,503 CAD
Improvements Assessment
$1,820,202 CAD
Total Assessment
$1,827,705 CAD
Annual Taxes
$17,456 CAD ($3.49 CAD/SF)
Tax Year
2026
  • Listing ID: 31632373

  • Date on Market: 2024-04-27

  • Last Updated:

  • Address: 176 N 8th St, Brooklyn, NY 11211

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