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176 Graham Ave 5 Unit Apartment Building $3,800,000 ($760,000/Unit) 5.95% Cap Rate Brooklyn, NY 11206
Investment Highlights
- Heavy day time foot traffic
- Near Subways, L Train, G Train, J and M Train
Executive Summary
Prime Williamsburg Property for sale
1 Retail Space and 5 residential units- All deregulated
Building in excellent condition
Close to the G, L, J and M trains
Room for Growth !!!
Rent Roll
Pizzeria $4800 per month
Residential unit 1- 3 bedroom -$3950 per month
Residential unit 2-3 bedroom-3950 per month
Residential unit 3- 2 bedroom 2600 per month
Residential unit 4-2 bedroom 2800 per month
Residential unit 5-2 bedroom 2650 per month
1 Retail Space and 5 residential units- All deregulated
Building in excellent condition
Close to the G, L, J and M trains
Room for Growth !!!
Rent Roll
Pizzeria $4800 per month
Residential unit 1- 3 bedroom -$3950 per month
Residential unit 2-3 bedroom-3950 per month
Residential unit 3- 2 bedroom 2600 per month
Residential unit 4-2 bedroom 2800 per month
Residential unit 5-2 bedroom 2650 per month
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$234,000
|
$42.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$234,000
|
$42.55
|
| Taxes |
$8,351
|
$1.52
|
| Operating Expenses |
$15,100
|
$2.75
|
| Total Expenses |
$23,451
|
$4.26
|
| Net Operating Income |
$210,549
|
$38.28
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $234,000 |
| Annual Per SF | $42.55 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $234,000 |
| Annual Per SF | $42.55 |
| Taxes | |
|---|---|
| Annual | $8,351 |
| Annual Per SF | $1.52 |
| Operating Expenses | |
|---|---|
| Annual | $15,100 |
| Annual Per SF | $2.75 |
| Total Expenses | |
|---|---|
| Annual | $23,451 |
| Annual Per SF | $4.26 |
| Net Operating Income | |
|---|---|
| Annual | $210,549 |
| Annual Per SF | $38.28 |
Property Facts
| Price | $3,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $760,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.95% | Building Size | 5,500 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1920 |
| Zoning | R6, C1-3 - FAR 1025 square feet not used R6 C-3 Zoning | ||
| Price | $3,800,000 |
| Price Per Unit | $760,000 |
| Sale Type | Investment |
| Cap Rate | 5.95% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,500 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1920 |
| Zoning | R6, C1-3 - FAR 1025 square feet not used R6 C-3 Zoning |
Amenities
Unit Amenities
- Yard
- Basement
Site Amenities
- Courtyard
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | - | - |
| 2+1 | 3 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 03053-0005 | Total Assessment | $679,500 (2026) |
| Land Assessment | $6,750 (2026) | Annual Taxes | $8,351 ($1.52/SF) |
| Improvements Assessment | $672,750 (2026) | Tax Year | 2022 |
Property Taxes
Parcel Number
03053-0005
Land Assessment
$6,750 (2026)
Improvements Assessment
$672,750 (2026)
Total Assessment
$679,500 (2026)
Annual Taxes
$8,351 ($1.52/SF)
Tax Year
2022
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176 Graham Ave