Check Availability
$3,500,000
↑ $101K (3%)
Commercial - For Sale

157 N 5th Street

Williamsburg, NY 11211
bedrooms
Studio
bathrooms
0 Bath
$17,604
Estimated Monthly
$0
HOA / Fees
0.50%
Cap Rate

About This Property

Calling All Investors, Developers, & End-Users!!! 100% Occupied 4 Unit Free Market Mixed-Use Building In Williamsburg For Sale!!!The Property Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 9' Ceilings, 2 Br. Apartment, (2) 3 Br. Apartments, Separate Meters, Low Property Taxes (Only $5,013), 200 Amp Power, All New LED Lighting, A/C, +++!!! The Property Is Located Close To The BQE, Williamsburg Bridge And McCarren Park & Pool!!! The Property Is Also Only 2 Blocks From Metropolitan Avenue!!! Neighbors Include Google, Nike, UPS, Dunkin', Walgreens, McDonald's, Orangetheory Fitness, Blink Fitness, +++!!! This Property Has HUGE Upside Potential!!! This Opportunity Won't Last Long!!! This Property Would Make A Nice Addition To Your Investment Portfolio!!!     Income:  1st Floor (2 Br., 2 Bath): $42,000 Ann. Lease Exp.: 7/2024.   2nd Floor (3 Br., 2 Bath): $49,200 Ann. Lease Exp.: 7/2024.   3rd Floor (3 Br., 2 Bath): $52,800 Ann. Lease Exp.: 7/2024.   LL Spa: $28,800 Ann. Lease Exp.: 8/2024.    Gross Income: $172,800 Ann.    Expenses:   Gas + Electric: $2,860 Ann. (Hallway & Basement Only)   Water + Sewer: $2,679 Ann.    Insurance: $3,829 Ann.    Taxes: $5,013 Ann.      Total Expenses: $14,381    Net Operating Income (NOI): $158,419 Ann.
Unit Size
-
Days on Market
271 days
Land Size
0.06 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$418
HOA Dues
-
Year Built
1899
Listed By
Richard Matt Shane
All Island Estates Realty Corp
Last updated: 8 days ago (OneKey MLS #ONE3495017)

Price History

Date / Event Date Event Price
Apr 19, 2024 Price Increased $3,500,000
↑ $101K (3%)
Price Increased
Feb 3, 2024 Price Decreased $3,399,000
↓ $151K (4.3%)
Price Decreased
Sep 6, 2023 Price Decreased $3,550,000
↓ $100K (2.7%)
Price Decreased
Jul 31, 2023 Listed by All Island Estates Realty Corp $3,650,000
Listed by All Island Estates Realty Corp

Property Highlights

Exterior Details

Property Information

Square Footage : 4000
Property Type: Commercial Sale
Property Sub Type: Mixed Use
Year Built: 1899

Building Information

Building Area Units: Square Feet

Lot Information

Lot Size Acres: 0.06
Lot Size Square Feet: 2500
Lot Size Dimensions: 25x100
Financial Details
Tax Annual Amount: $5,013

Building Info

Overview

    General

  • Year Built: 1899
  • Building Count: 1
  • Floor Count: 3
  • Total Unit Count: 3
  • Residential Unit Count: 3
  • Basement Type: 1

    Dimensions

  • Lot Area Sqft: 2,500
  • Lot Size Depth Feet: 100
  • Lot Size Frontage Feet: 25
  • Building Depth: 40
  • Building Frontage: 25
  • Gross Building Area: 4,000

    Building Floor Area

  • Residential Building Floor Area: 3,000

    Floor Area Ratio

  • Built Floor Area Ratio: 2
  • Residential Floor Area Ratio: 2
  • Facilities Floor Area Ratio: 2

Building

  • Building Type: C0
  • Lot Type: 5
  • Land Use: 02
  • Irregular Lot Code: N
  • Proximity Code: 3
  • Extension Code: N

Neighborhood

  • Community District: 301
  • City Council District: 33
  • Police Precinct: 94
  • Fire Company: L104
  • Health Area: 400
  • Sanitation District Borough: 3
  • Sanitation Subsection: 2B
  • School District: 14

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R6B

Geography

  • Borough Name: BK
  • Borough Code: 3
  • Block: 2336
  • Lot: 40
  • Borough Block Lot: 3023360040

    Address

  • Full Address: 157 North 5 Street
  • Zip Code: 11211

Valuation

    Assessments Valuation

  • Assessed Total Value: $260,160
  • Assessed Land Value: $22,080

    Exemptions

  • Exempt Total Value: $0
  • Exempt Land Value: $0

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
Stu
-
-
$3,900,000 Dec 13, 2017
$3,900,000 Mar 28, 2018
-
Townhouse
Stu
-
-
$2,985,000 Aug 29, 2014
$2,985,000 Dec 2, 2014
-
Townhouse
Stu
-
-
$3,850,000 Jan 20, 2015
$3,850,000 Mar 20, 2015
-
House
4 Beds
4 Baths
-
$3,155,000 May 31, 2023
$3,155,000 Aug 31, 2023
-
House
4 Beds
3 Baths
2,325 ft²
$1,247/ft²
$2,900,000 Jul 16, 2020
$2,900,000 Sep 16, 2020
-
House
5 Beds
6 Baths
4,040 ft²
$916/ft²
$3,700,000 Jan 17, 2020
$3,700,000 Feb 17, 2021
-
House
7 Beds
3 Baths
-
$2,995,000 Feb 4, 2023
-
-
House
3 Beds
3 Baths
-
$2,750,000 Oct 11, 2023
-
$450/mo
Condo
3 Beds
3 Baths
1,858 ft²
$1,803/ft²
$3,350,000 Jan 1, 2021
-
$4,571/mo
Condo
4 Beds
3 Baths
1,977 ft²
$1,770/ft²
$3,500,000 Oct 31, 2023
-
$2,680/mo
Townhouse
4 Beds
4 Baths
3,372 ft²
$1,038/ft²
$3,500,000 May 30, 2023
-
$655/mo
Condo
2 Beds
3 Baths
1,562 ft²
$2,081/ft²
$3,250,000 Feb 20, 2024
-
$1,584/mo

About Northern Brooklyn


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Frequently Asked Questions

When was property at 157 North 5th Street built and last sold?
The property at 157 North 5th Street was built in 1899 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 157 North 5th Street is $3,585,500.
What are some comparable homes to 157 North 5th Street?
Homes that are comparable to 157 North 5th Street include a house property at 108 Withers Street, a condo property at 212 North 9th Street, a townhouse property at 59 Havemeyer Street.

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