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42 Jackson St 4 Unit Apartment Building $3,500,000 ($875,000/Unit) 5.89% Cap Rate Brooklyn, NY 11211
Investment Highlights
- Fully renovated mixed-use building with all residential units currently leased
- Uniform unit layouts for streamlined management
- Turnkey asset with minimal near-term capital requirements
- Four free-market one-bedroom apartments and one ground-floor commercial unit with basement
- Diversified residential and commercial income
- Located in East Williamsburg, a high-demand Brooklyn submarket
Executive Summary
42 Jackson Street is a fully renovated East Williamsburg mixed-use asset with in-place residential and commercial income.
The property includes four leased free-market one-bedroom apartments and a ground-floor commercial space with a finished basement, currently built out for personal services or salon use.
The building offers diversified income, efficient residential layouts, individual split heating and cooling systems, and turnkey condition with minimal near-term capital needs.
Located in a high-demand North Brooklyn submarket near Williamsburg and Greenpoint, 42 Jackson Street is a strong fit for investors and 1031 exchange buyers seeking stabilized income with long-term upside.
The property includes four leased free-market one-bedroom apartments and a ground-floor commercial space with a finished basement, currently built out for personal services or salon use.
The building offers diversified income, efficient residential layouts, individual split heating and cooling systems, and turnkey condition with minimal near-term capital needs.
Located in a high-demand North Brooklyn submarket near Williamsburg and Greenpoint, 42 Jackson Street is a strong fit for investors and 1031 exchange buyers seeking stabilized income with long-term upside.
Property Facts
| Price | $3,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $875,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 5.89% | Building Size | 4,000 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | ||
| Zoning | R6 - Located in the Williamsburg neighborhood of Brooklyn between Jackson St and Skillman Ave near the Metropolitan ave - Lorimer St subway station. | ||
| Price | $3,500,000 |
| Price Per Unit | $875,000 |
| Sale Type | Investment |
| Cap Rate | 5.89% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 4,000 SF |
| No. Stories | 3 |
| Year Built | 1928 |
| Zoning | R6 - Located in the Williamsburg neighborhood of Brooklyn between Jackson St and Skillman Ave near the Metropolitan ave - Lorimer St subway station. |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 02746-0025 | Improvements Assessment | $369,450 |
| Land Assessment | $59,400 | Total Assessment | $428,850 |
Property Taxes
Parcel Number
02746-0025
Land Assessment
$59,400
Improvements Assessment
$369,450
Total Assessment
$428,850
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42 Jackson St
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