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294 S 5th St 6 Unit Apartment Building $4,500,957 CAD ($750,160 CAD/Unit) 4.10% Cap Rate Brooklyn, NY 11211
INVESTMENT HIGHLIGHTS
- Brick Mixed-Use Building in Prime South Williamsburg Spanning 3,560 SF Above Grade
- Potential to be Delivered 100% Vacant | Subgrade Retail and 2 Apartments Currently Vacant | 3 Month-to-Month Tenants
- Asking: $3,250,000 | $913/SF
- 5 Free-Market Apartments over 1 Retail Space | Built 20' x 45' on a 20' x 80' Lot
- New CO Issued in 2010 | Exempt from Good Cause Eviction Through 2040 | Tax Class 2A
PROPERTY FACTS
| Price | $4,500,957 CAD | Property Subtype | Apartment |
| Price Per Unit | $750,160 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.10% | Lot Size | 0.04 AC |
| Gross Rent Multiplier | 18.3 | Building Size | 3,560 SF |
| No. Units | 6 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1989 |
| Zoning | C4-3 - In C4-3 you can build a variety of commercial building uses, community facilities, and residential buildings. | ||
| Price | $4,500,957 CAD |
| Price Per Unit | $750,160 CAD |
| Sale Type | Investment |
| Cap Rate | 4.10% |
| Gross Rent Multiplier | 18.3 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 3,560 SF |
| No. Stories | 4 |
| Year Built | 1989 |
| Zoning | C4-3 - In C4-3 you can build a variety of commercial building uses, community facilities, and residential buildings. |
AMENITIES
SITE AMENITIES
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 02460-0023 | Improvements Assessment | $695,502 CAD |
| Land Assessment | $210,022 CAD | Total Assessment | $905,523 CAD |
PROPERTY TAXES
Parcel Number
02460-0023
Land Assessment
$210,022 CAD
Improvements Assessment
$695,502 CAD
Total Assessment
$905,523 CAD
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294 S 5th St
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