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101-105 Havemeyer St, Brooklyn, NY 11211 103 Havemeyer St 36 Unit Apartment Building $23,388,000 ($649,667/Unit) 4.61% Cap Rate Brooklyn, NY 11211
Investment Highlights
- Calling All Investors, Developers & End-Users!!! 31,500 Sqft. 36 Unit Corner Mixed-Use Building In Williamsburg For Sale!!!
- The Property Is Located In The Heart Of Williamsburg 1 Block Off I-278 & Just Minutes From The Williamsburg Bridge!!!
- The Building Has 154 Feet Of Wrap-Around Frontage On Havemeyer Street & Hope Street!!!
- The Building Features Excellent Signage, Great Exposure, M1-2/R6A/MX-8 Zoning, 21 Free Market Apartments, Restaurant, High 10' Ceilings, +++!!!
- Neighbors Include Starbucks, Peter Luger’s Steak House, The Home Depot, Whole Foods Market, CubeSmart Self Storage, T-Mobile, Planet Fitness, +++!!!
- This Property Offers HUGE Upside Potential!!!
Executive Summary
Calling All Investors, Developers & End-Users!!! 31,500 Sqft. 36 Unit Corner Mixed-Use Building In Williamsburg For Sale!!! The Building Features Excellent Signage, Great Exposure, M1-2/R6A/MX-8 Zoning, 21 Free Market Apartments, Restaurant, 3 Commercial Units, High 10’ Ceilings, 6 Parking Spaces, 11 Stabilized Apartments, All New LED Lighting, 3 Phase Power, +++!!! The Property Is Located In The Heart Of Williamsburg 1 Block Off I-278 & Just Minutes From The Williamsburg Bridge!!! Neighbors Include Starbucks, Peter Luger’s Steak House, The Home Depot, Whole Foods Market, CubeSmart Self Storage, T-Mobile, Planet Fitness, Walgreens, Dunkin’, Liberty Tax, Meineke Car Care Center, Trader Joe’s, McDonald’s, IHOP, +++!!! The Building Has 154 Feet Of Wrap-Around Frontage On Havemeyer Street & Hope Street!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Expenses:
Oil: $18,000 Ann.
Electric: $1,200 Ann. (Common Area Only)
Property Super: $12,000 Ann.
Insurance: $12,289 Ann.
Water & Sewer: $38,000 Ann.
Taxes: $240,350 Ann.
Total Expenses: $321,839 Ann.
Current Gross Income: $1,400,000 Ann.
Net Operating Income (NOI): $1,078,161 Ann.
Expenses:
Oil: $18,000 Ann.
Electric: $1,200 Ann. (Common Area Only)
Property Super: $12,000 Ann.
Insurance: $12,289 Ann.
Water & Sewer: $38,000 Ann.
Taxes: $240,350 Ann.
Total Expenses: $321,839 Ann.
Current Gross Income: $1,400,000 Ann.
Net Operating Income (NOI): $1,078,161 Ann.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$1,400,000
|
$59.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,400,000
|
$59.13
|
| Taxes |
$240,350
|
$10.15
|
| Operating Expenses |
$81,489
|
$3.44
|
| Total Expenses |
$321,839
|
$13.59
|
| Net Operating Income |
$1,078,161
|
$45.54
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $1,400,000 |
| Annual Per SF | $59.13 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $1,400,000 |
| Annual Per SF | $59.13 |
| Taxes | |
|---|---|
| Annual | $240,350 |
| Annual Per SF | $10.15 |
| Operating Expenses | |
|---|---|
| Annual | $81,489 |
| Annual Per SF | $3.44 |
| Total Expenses | |
|---|---|
| Annual | $321,839 |
| Annual Per SF | $13.59 |
| Net Operating Income | |
|---|---|
| Annual | $1,078,161 |
| Annual Per SF | $45.54 |
Property Facts
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Storage Space
- Maintenance on site
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 33 | - | 600 |
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (93)
Property Taxes
| Parcel Number | 02384-0003 | Total Assessment | $2,468,250 |
| Land Assessment | $110,700 | Annual Taxes | $240,350 ($10.15/SF) |
| Improvements Assessment | $2,357,550 | Tax Year | 2025 |
Property Taxes
Parcel Number
02384-0003
Land Assessment
$110,700
Improvements Assessment
$2,357,550
Total Assessment
$2,468,250
Annual Taxes
$240,350 ($10.15/SF)
Tax Year
2025
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101-105 Havemeyer St, Brooklyn, NY 11211 | 103 Havemeyer St
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