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8 Two Bedroom Units - Mint 176 N 8th St 8 Unit Apartment Building $5,559,000 ($694,875/Unit) 6.10% 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. 7 Units are Free Market Rent and 1 Unit is Rent Stabilized. All Units have their own large 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 have Split AC/Heat System individually metered. Stabilized unit will be delivered vacant. DHCR available for review and verifications.
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 - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$369,264
|
$73.85
|
| Other Income |
$6,600
|
$1.32
|
| Vacancy Loss |
$600
|
$0.12
|
| Effective Gross Income |
$375,264
|
$75.05
|
| Taxes |
$12,659
|
$2.53
|
| Operating Expenses |
$23,600
|
$4.72
|
| Total Expenses |
$36,259
|
$7.25
|
| Net Operating Income |
$339,005
|
$67.80
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $369,264 |
| Annual Per SF | $73.85 |
| Other Income | |
|---|---|
| Annual | $6,600 |
| Annual Per SF | $1.32 |
| Vacancy Loss | |
|---|---|
| Annual | $600 |
| Annual Per SF | $0.12 |
| Effective Gross Income | |
|---|---|
| Annual | $375,264 |
| Annual Per SF | $75.05 |
| Taxes | |
|---|---|
| Annual | $12,659 |
| Annual Per SF | $2.53 |
| Operating Expenses | |
|---|---|
| Annual | $23,600 |
| Annual Per SF | $4.72 |
| Total Expenses | |
|---|---|
| Annual | $36,259 |
| Annual Per SF | $7.25 |
| Net Operating Income | |
|---|---|
| Annual | $339,005 |
| Annual Per SF | $67.80 |
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 | 6.10% | 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 | 6.10% |
| 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
- Balcony
- Cable Ready
- Dishwasher
- Basement
- Deck
- Intercom
Site Amenities
- Laundry Facilities
- Security System
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 8+1 | 8 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 02320-0012 | Total Assessment | $1,315,350 |
| Land Assessment | $5,400 | Annual Taxes | $12,659 ($2.53/SF) |
| Improvements Assessment | $1,309,950 | Tax Year | 2026 |
Property Taxes
Parcel Number
02320-0012
Land Assessment
$5,400
Improvements Assessment
$1,309,950
Total Assessment
$1,315,350
Annual Taxes
$12,659 ($2.53/SF)
Tax Year
2026
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8 Two Bedroom Units - Mint | 176 N 8th St
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