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93 Herbert St 8 Unit Apartment Building $5,860,000 ($732,500/Unit) 5.24% Cap Rate Brooklyn, NY 11222



INVESTMENT HIGHLIGHTS
- Situated in the lively Williamsburg area
- Near the Graham Avenue L train stop
- Close to parks like McCarren Park, local shops, and restaurants
EXECUTIVE SUMMARY
Exceptional Investment Opportunity in Prime Williamsburg! This 8 –family building offers an incredible investment opportunity with high-end condo-quality residences. The property features 10 spacious bedrooms and 11 modern bathrooms, offering a mix of elegant living spaces, including versatile loft areas. The building includes: Two duplex apartments, each with 2 bedrooms and 2 bathrooms. One apartment with 1 bedroom and 2 bathrooms. Five 1-bedroom, 1-bathroom apartments.
Each unit is designed for modern comfort with stunning dark hardwood floors, full-sized stainless steel appliances (including a dishwasher and microwave), and open-concept kitchens that are perfect for both cooking and entertaining. The bathrooms are beautifully finished with tiled walls and custom-built vanities.
Additional amenities include central heating and air conditioning, as well as washer and dryer units in each apartment. The property also offer basement space for meters and tenant storage rooms. With a zoning of R6B, the building sits on a 25’x 100’ lot, with 25’ x 58’ building footprint and 5,800 SF of interior space (7,309 SF with NYC square footage). This prime location provide easy access to supermarkets, transportation, and all the vibrant offerings of Williamsburg, making it a highly desirable area for residents. With the excellent shopping, dining, and commuting options just moments away, this is a rare and fantastic opportunity for investors.
Each unit is designed for modern comfort with stunning dark hardwood floors, full-sized stainless steel appliances (including a dishwasher and microwave), and open-concept kitchens that are perfect for both cooking and entertaining. The bathrooms are beautifully finished with tiled walls and custom-built vanities.
Additional amenities include central heating and air conditioning, as well as washer and dryer units in each apartment. The property also offer basement space for meters and tenant storage rooms. With a zoning of R6B, the building sits on a 25’x 100’ lot, with 25’ x 58’ building footprint and 5,800 SF of interior space (7,309 SF with NYC square footage). This prime location provide easy access to supermarkets, transportation, and all the vibrant offerings of Williamsburg, making it a highly desirable area for residents. With the excellent shopping, dining, and commuting options just moments away, this is a rare and fantastic opportunity for investors.
PROPERTY FACTS
| Price | $5,860,000 | Apartment Style | Low-Rise |
| Price Per Unit | $732,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.24% | Building Size | 5,800 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2009 |
| Property Subtype | Apartment | ||
| Zoning | R6B - Medium density residential district | ||
| Price | $5,860,000 |
| Price Per Unit | $732,500 |
| Sale Type | Investment |
| Cap Rate | 5.24% |
| Sale Condition | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 5,800 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2009 |
| Zoning | R6B - Medium density residential district |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Intercom
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Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (84)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 02829-0036 | Improvements Assessment | $834,300 |
| Land Assessment | $56,250 | Total Assessment | $890,550 |
PROPERTY TAXES
Parcel Number
02829-0036
Land Assessment
$56,250
Improvements Assessment
$834,300
Total Assessment
$890,550
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93 Herbert St
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