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Map
$3,500,000
↑ $101K (3%)
●
Commercial -
For Sale
157 N 5th Street
Williamsburg, NY 11211
Studio
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
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
Location Details
Directions: Bedford to 5th St
County or Parish: Brooklyn
Other Details
On Market Date: 2023-07-31
Building Info
Overview
Building
Neighborhood
Zoning
Geography
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
House
4
Beds
3
Baths
2,325 ft²
$1,247/ft²
$2,900,000
Jul 16, 2020
$2,900,000
Sep 16, 2020
-
Sold
House
5
Beds
6
Baths
4,040 ft²
$916/ft²
$3,700,000
Jan 17, 2020
$3,700,000
Feb 17, 2021
-
In Contract
Condo
3
Beds
3
Baths
1,858 ft²
$1,803/ft²
$3,350,000
Jan 1, 2021
-
$4,571/mo
Active
Condo
4
Beds
3
Baths
1,977 ft²
$1,770/ft²
$3,500,000
Oct 31, 2023
-
$2,680/mo
Active
Townhouse
4
Beds
4
Baths
3,372 ft²
$1,038/ft²
$3,500,000
May 30, 2023
-
$655/mo
Active
Condo
2
Beds
3
Baths
1,562 ft²
$2,081/ft²
$3,250,000
Feb 20, 2024
-
$1,584/mo
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