294 Ainslie St 7 Unit Apartment Building $7,670,581 CAD ($1,095,797 CAD/Unit) 5.56% Cap Rate Brooklyn, NY 11211

Kassin Sabbagh Realty (KSR) is proud to represent 294 Ainslie Street a modern, four-story apartment building located in the heart of East Williamsburg, Brooklyn. Constructed in 2008, the building comprises seven residential units, offering a mix of one and two-bedroom apartments. The total building area size is 6,813 square feet, situated on a 2,200-square-foot lot. The apartments feature contemporary amenities such as central air conditioning, in-unit washer and dryer, and private outdoor spaces like balconies or roof terraces. It also features a duplex with a private roof deck, central air, and in-home laundry. Situated in Williamsburg, the building is in proximity to several schools, including PS 132 The Conselyea School (PK-5), Lyons Community School (6-12), and Progress High School for Professional Careers (9-12). The neighborhood is known for its vibrant culture, diverse dining options, and excellent public transportation links, making it a desirable location for residents seeking a blend of modern living and urban convenience.
INVESTMENT HIGHLIGHTS
• Prime Location: Situated in Williamsburg, one of Brooklyn’s most sought-after neighborhoods, the property boasts a Walk Score of 96 and a Transit Score of 97, indicating excellent walkability and access to public transportation.
• The building is located near educational institutions such as PS 132 The Conselyea School and Progress High School for Professional Careers, as well as parks, shopping centers, and cultural venues, enhancing its appeal to a diverse tenant base.
• Built in 2008, the building features contemporary design elements and amenities, including central air conditioning, in-unit washers and dryers, and private outdoor spaces such as balconies and roof terraces in select units.
• Sustainable Design: The development emphasizes eco-friendly construction practices, utilizing sustainable materials and building techniques to reduce energy and water consumption, thereby lowering operating costs and appealing to environmentally conscious tenants.