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300 N 8th St 16 Unit Apartment Building $2,888,000 ($180,500/Unit) 4.92% Cap Rate Brooklyn, NY 11211
Investment Highlights
- Beautiful Neighborhood & Centrally Located
- Close to Public Transportation
Executive Summary
WILLIAMSBURG MULTIFAMILY INVESTMENT PROPERTY
This five-story multifamily building presents a rare opportunity to acquire a generational asset in one of New York City’s most sought-after neighborhoods. Situated on an approximately 25' x 100' lot, the property consists of 16 residential units, including 14 rent-stabilized apartments and 2 rent-controlled units. The building also includes a superintendent’s unit on the ground floor, along with an additional basement apartment.
The property has been well maintained over the years, with key upgrades completed to both the mechanical systems and roof, all of which are in very good condition. These improvements provide investors with a stable, low-maintenance foundation while preserving long-term upside potential.
Offered for the first time in generations, this is a true legacy asset with consistent income, strong fundamentals, and the opportunity to capitalize on future growth in a high-demand market.
This five-story multifamily building presents a rare opportunity to acquire a generational asset in one of New York City’s most sought-after neighborhoods. Situated on an approximately 25' x 100' lot, the property consists of 16 residential units, including 14 rent-stabilized apartments and 2 rent-controlled units. The building also includes a superintendent’s unit on the ground floor, along with an additional basement apartment.
The property has been well maintained over the years, with key upgrades completed to both the mechanical systems and roof, all of which are in very good condition. These improvements provide investors with a stable, low-maintenance foundation while preserving long-term upside potential.
Offered for the first time in generations, this is a true legacy asset with consistent income, strong fundamentals, and the opportunity to capitalize on future growth in a high-demand market.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,888,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $180,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 4.92% | Building Size | 11,166 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built/Renovated | 1910/2024 |
| Zoning | M1-2R6 - Lot Zoned R6 With M1-2 Overlay | ||
| Price | $2,888,000 |
| Price Per Unit | $180,500 |
| Sale Type | Investment |
| Cap Rate | 4.92% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 11,166 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built/Renovated | 1910/2024 |
| Zoning | M1-2R6 - Lot Zoned R6 With M1-2 Overlay |
Amenities
Site Amenities
- 24 Hour Access
- Gas Range
- Recycling
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 02323-0019 | Total Assessment | $549,000 |
| Land Assessment | $73,800 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $475,200 | Tax Year | 2025 |
Property Taxes
Parcel Number
02323-0019
Land Assessment
$73,800
Improvements Assessment
$475,200
Total Assessment
$549,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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300 N 8th St
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