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294 S 5th St
Brooklyn, NY 11211
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Brick Mixed-Use Building in Prime South Williamsburg Spanning 3,560 SF Above Grade
- Potential to be Delivered 100% Vacant | Subgrade Retail and 2 Apartments Currently Vacant | 3 Month-to-Month Tenants
- Asking: $3,250,000 | $913/SF
- 5 Free-Market Apartments over 1 Retail Space | Built 20' x 45' on a 20' x 80' Lot
- New CO Issued in 2010 | Exempt from Good Cause Eviction Through 2040 | Tax Class 2A
PROPERTY FACTS
| Price Per Unit | $541,667 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.10% | Lot Size | 0.04 AC |
| Gross Rent Multiplier | 18.3 | Building Size | 3,560 SF |
| No. Units | 6 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1989 |
| Property Subtype | Apartment | ||
| Zoning | C4-3 - In C4-3 you can build a variety of commercial building uses, community facilities, and residential buildings. | ||
| Price Per Unit | $541,667 |
| Sale Type | Investment |
| Cap Rate | 4.10% |
| Gross Rent Multiplier | 18.3 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 3,560 SF |
| No. Stories | 4 |
| Year Built | 1989 |
| Zoning | C4-3 - In C4-3 you can build a variety of commercial building uses, community facilities, and residential buildings. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Gated
- Recycling
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
PROPERTY TAXES
| Parcel Number | 02460-0023 | Improvements Assessment | $502,200 |
| Land Assessment | $151,650 | Total Assessment | $653,850 |
PROPERTY TAXES
Parcel Number
02460-0023
Land Assessment
$151,650
Improvements Assessment
$502,200
Total Assessment
$653,850
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