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8 Two Bedroom Units - Mint 176 N 8th St 8 Unit Apartment Building $7,618,109 CAD ($952,264 CAD/Unit) 6% 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 |
$478,744
|
$95.75
|
| Other Income |
$9,045
|
$1.81
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$487,789
|
$97.56
|
| Taxes |
$17,348
|
$3.47
|
| Operating Expenses |
$20,638
|
$4.13
|
| Total Expenses |
$37,986
|
$7.60
|
| Net Operating Income |
$449,803
|
$89.96
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $478,744 |
| Annual Per SF | $95.75 |
| Other Income (CAD) | |
|---|---|
| Annual | $9,045 |
| Annual Per SF | $1.81 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $487,789 |
| Annual Per SF | $97.56 |
| Taxes (CAD) | |
|---|---|
| Annual | $17,348 |
| Annual Per SF | $3.47 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $20,638 |
| Annual Per SF | $4.13 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $37,986 |
| Annual Per SF | $7.60 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $449,803 |
| Annual Per SF | $89.96 |
Property Facts
| Price | $7,618,109 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $952,264 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6% | 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 | $7,618,109 CAD |
| Price Per Unit | $952,264 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| 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
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 02320-0012 | Total Assessment | $1,526,831 CAD |
| Land Assessment | $7,521 CAD | Annual Taxes | $17,348 CAD ($3.47 CAD/SF) |
| Improvements Assessment | $1,519,310 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
02320-0012
Land Assessment
$7,521 CAD
Improvements Assessment
$1,519,310 CAD
Total Assessment
$1,526,831 CAD
Annual Taxes
$17,348 CAD ($3.47 CAD/SF)
Tax Year
2025
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8 Two Bedroom Units - Mint | 176 N 8th St
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