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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. All Units have their own large 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 have Split AC/Heat System individually metered. Stabilized unit will be delivered vacant. DHCR available for review and verifications.
All Units are Modern and totally Renovated.
Rent are below market.

Financial Summary (Actual - 2026)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $513,377 $102.68
Other Income $9,176 $1.84
Vacancy Loss $834 $0.17
Effective Gross Income $521,718 $104.34
Taxes $17,599 $3.52
Operating Expenses $32,810 $6.56
Total Expenses $50,410 $10.08
Net Operating Income $471,308 $94.26

Financial Summary (Actual - 2026)

Gross Rental Income (CAD)
Annual $513,377
Annual Per SF $102.68
Other Income (CAD)
Annual $9,176
Annual Per SF $1.84
Vacancy Loss (CAD)
Annual $834
Annual Per SF $0.17
Effective Gross Income (CAD)
Annual $521,718
Annual Per SF $104.34
Taxes (CAD)
Annual $17,599
Annual Per SF $3.52
Operating Expenses (CAD)
Annual $32,810
Annual Per SF $6.56
Total Expenses (CAD)
Annual $50,410
Annual Per SF $10.08
Net Operating Income (CAD)
Annual $471,308
Annual Per SF $94.26

Property Facts

Price $7,728,511 CAD
Price Per Unit $966,064 CAD
Sale Type Investment
Cap Rate 6.10%
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
$7,442 CAD
Improvements Assessment
$1,805,294 CAD
Total Assessment
$1,812,736 CAD
Annual Taxes
$17,599 CAD ($3.52 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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