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187 Woodpoint Rd 4 Unit Apartment Building $3,800,000 ($950,000/Unit) 5.94% Cap Rate Brooklyn, NY 11211
Investment Highlights
- Fully occupied.
- Steps away from the L train.
- Located in the Williamsburg neighborhood of Brooklyn.
Executive Summary
SP Capital Group is pleased to present 187 Woodpoint Road, a fully occupied 4-unit multifamily property located in Williamsburg, Brooklyn.
The 4-story walk-up contains approximately 4,259 SF and consists of three 3-bedroom / 2-bath apartments and one 2-bedroom / 2-bath duplex with backyard access. The property generates approximately $259,080 in annual rental income and $211,280 in NOI, representing an approximate 5.56% cap rate at the $3,800,000 asking price.
Current rents total approximately $21,590 per month, with individual units ranging from $5,000 to $5,850 per month.
Located near the corner of Woodpoint Road and Skillman Avenue, the property is surrounded by restaurants, shops, markets, schools and parks, with convenient access to the L train.
Investment Highlights:
4 fully occupied residential units
Approximately 4,259 SF
3 three-bedroom / two-bath units
1 two-bedroom / two-bath duplex with backyard access
$259,080 annual rental income
$211,280 NOI
Approx. 5.56% cap rate
R6B zoning
Prime Williamsburg location
Asking Price: $3,800,000
The 4-story walk-up contains approximately 4,259 SF and consists of three 3-bedroom / 2-bath apartments and one 2-bedroom / 2-bath duplex with backyard access. The property generates approximately $259,080 in annual rental income and $211,280 in NOI, representing an approximate 5.56% cap rate at the $3,800,000 asking price.
Current rents total approximately $21,590 per month, with individual units ranging from $5,000 to $5,850 per month.
Located near the corner of Woodpoint Road and Skillman Avenue, the property is surrounded by restaurants, shops, markets, schools and parks, with convenient access to the L train.
Investment Highlights:
4 fully occupied residential units
Approximately 4,259 SF
3 three-bedroom / two-bath units
1 two-bedroom / two-bath duplex with backyard access
$259,080 annual rental income
$211,280 NOI
Approx. 5.56% cap rate
R6B zoning
Prime Williamsburg location
Asking Price: $3,800,000
Property Facts
| Price | $3,800,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $950,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 5.94% | Building Size | 4,259 SF |
| No. Units | 4 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1999 |
| Property Subtype | Apartment | ||
| Zoning | R6B - Medium density residential district | ||
| Price | $3,800,000 |
| Price Per Unit | $950,000 |
| Sale Type | Investment |
| Cap Rate | 5.94% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 4,259 SF |
| No. Stories | 4 |
| Year Built | 1999 |
| Zoning | R6B - Medium density residential district |
Amenities
Site Amenities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 1 | - | - |
| 3+2 | 3 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 02884-0102 | Improvements Assessment | $774,900 |
| Land Assessment | $138,600 | Total Assessment | $913,500 |
Property Taxes
Parcel Number
02884-0102
Land Assessment
$138,600
Improvements Assessment
$774,900
Total Assessment
$913,500
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