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$ 1,399,999
Est. payment /mo
Price Dropped by $100K
1516 West 5th ST Brooklyn, NY 11204
17 Beds
10 Baths
6,560 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,560 sqft
Price per Sqft $213
MLS Listing ID 487512
Bedrooms 17
Full Baths 10
Annual Tax Amount $33,397
Property Sub-Type Multi-Family
Property Description
A stunning 8-unit apartment building offering an exceptional opportunity for savvy investors or owner occupied . This well-maintained, semi-detached, four-story brick property boasts 6,560 sq. ft. of living space, featuring seven spacious 2-bedroom apartments, one charming 1-bedroom apartment, and a versatile 3-room storage facility. Fully occupied, this property generates an impressive $160,000 in annual rental income, making it a stable and high-performing asset.
Located just minutes away from the "N" Subway line and the bustling Bay Parkway shopping district, this property offers unbeatable convenience and consistently high tenant demand. Recent upgrades include modernized electrical systems, two new hot water heaters, fully renovated kitchens and bathrooms, new flooring, updated toilets in every unit, and refreshed common areas, ensuring a low-maintenance and hassle-free investment.
With its prime location, steady income, and significant upside potential, this property is a perfect choice for investors looking to expand their portfolio or those seeking a 1031 exchange. The flexibility of owner financing and a solid 6.5% cap rate make this a truly rare and compelling investment.
Don't let this opportunity pass you by. Contact us today to schedule your private showing and secure this exceptional property!
Located just minutes away from the "N" Subway line and the bustling Bay Parkway shopping district, this property offers unbeatable convenience and consistently high tenant demand. Recent upgrades include modernized electrical systems, two new hot water heaters, fully renovated kitchens and bathrooms, new flooring, updated toilets in every unit, and refreshed common areas, ensuring a low-maintenance and hassle-free investment.
With its prime location, steady income, and significant upside potential, this property is a perfect choice for investors looking to expand their portfolio or those seeking a 1031 exchange. The flexibility of owner financing and a solid 6.5% cap rate make this a truly rare and compelling investment.
Don't let this opportunity pass you by. Contact us today to schedule your private showing and secure this exceptional property!
Location
State NY
County Kings (brooklyn)
Area Bensonhurst
Rooms
Basement Full, Semi-Finished, Separate Entrance, Walk-in
Interior
Hot Water Other
Heating Other
Flooring Other
Heat Source Other
Exterior
Exterior Feature Brick, Other
Amenities Available Storage rooms
Roof Type Other
Handicap Access Unknown
Building
Story 4
Foundation Other
Others
Energy Description Other
Financing 1031 Exchange,Bank Mortgage,Cash
Virtual Tour https://youtu.be/kLpymim5AH8
Listed by RE/MAX Edge