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8 Two Bedroom Units - Mint 176 N 8th St 8 Unit Apartment Building $5,559,000 ($694,875/Unit) 5.89% Cap Rate Brooklyn, NY 11211
Investment Highlights
- Perfectly located off Bedford Avenue in the Heart of Williamsburg, Brooklyn.
- Two Units to be delivered Vacant. All Units have their Own Individual Heated and Air-conditioned Split Systems.
Executive Summary
A total of 8 Units. All are Two Bedroom Units. 7 Units are Free Market Rent and 1 Unit is Rent Stabilized. All Units have their own Outdoor Decks. Washer and Dryer and Individual Storage Units are located in Lower Level. Excellent Condition Throughout. A Diamond. Full Security Systems including FOBS.
All Units are Modern and totally Renovated.
Rent are below market
All Units are Modern and totally Renovated.
Rent are below market
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$349,344
|
$69.87
|
| Other Income |
$6,600
|
$1.32
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$355,944
|
$71.19
|
| Taxes |
$12,659
|
$2.53
|
| Operating Expenses |
$15,060
|
$3.01
|
| Total Expenses |
$27,719
|
$5.54
|
| Net Operating Income |
$328,225
|
$65.65
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $349,344 |
| Annual Per SF | $69.87 |
| Other Income | |
|---|---|
| Annual | $6,600 |
| Annual Per SF | $1.32 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $355,944 |
| Annual Per SF | $71.19 |
| Taxes | |
|---|---|
| Annual | $12,659 |
| Annual Per SF | $2.53 |
| Operating Expenses | |
|---|---|
| Annual | $15,060 |
| Annual Per SF | $3.01 |
| Total Expenses | |
|---|---|
| Annual | $27,719 |
| Annual Per SF | $5.54 |
| Net Operating Income | |
|---|---|
| Annual | $328,225 |
| Annual Per SF | $65.65 |
Property Facts
| Price | $5,559,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $694,875 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.89% | Building Size | 5,000 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2022 |
| Property Subtype | Apartment | ||
| Zoning | R6B - Multifamily Residential | ||
| Price | $5,559,000 |
| Price Per Unit | $694,875 |
| Sale Type | Investment |
| Cap Rate | 5.89% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 5,000 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1900/2022 |
| Zoning | R6B - Multifamily Residential |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Security System
- Basement
- Deck
Site Amenities
- Laundry Facilities
- Security System
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 8+1 | 8 | - | - |
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (93)
Property Taxes
| Parcel Number | 02320-0012 | Total Assessment | $1,096,200 |
| Land Assessment | $5,400 | Annual Taxes | $12,659 ($2.53/SF) |
| Improvements Assessment | $1,090,800 | Tax Year | 2025 |
Property Taxes
Parcel Number
02320-0012
Land Assessment
$5,400
Improvements Assessment
$1,090,800
Total Assessment
$1,096,200
Annual Taxes
$12,659 ($2.53/SF)
Tax Year
2025
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8 Two Bedroom Units - Mint | 176 N 8th St
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