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

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

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230123
01/23/2023
Loft
-
-
$3,900,000
bedrooms
Loft
bathrooms
-
-
-
-
Thomas Gagliano
eRealty Advisors, Inc
20220119
01/19/2022
Loft
-
-
$4,500,000
bedrooms
Loft
bathrooms
-
-
-
-
Thomas J. Gagliano II
Pantiga Group Inc.

Building Info

157 North 5th Street 157 North 5th Street, Brooklyn, NY 11211
  • 3 Units
  • 1 Unit for Sale
More about this Building
157 North 5th Street
Want to find out who owns 157 North 5th Street, Brooklyn, NY 11211? Get detailed property transactions here .

About Northern Brooklyn


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