147 8Th StBrooklyn, NY 11249

This exceptional investment opportunity presents a legal ten-family property situated in the heart of Williamsburg, Brooklyn. Comprising two buildings on a single 2,500 square foot lot, this stabilized multifamily asset boasts a total of 8,500 square feet and offers a compelling return. The property features ten units across four stories, currently enjoying 100% occupancy, generating a substantial net operating income (NOI) of $193,732 and a 4.61% capitalization rate. The asking price is $4,200,000, translating to $494.12 per square foot. Located on North 8th Street, near Bedford Avenue, this property benefits from its prime location, offering easy access to the L train and the vibrant energy of Williamsburg. The property is zoned R6B, providing potential for future development or expansion. With a gross annual income of $273,000, this is a rare chance to acquire a well-performing, high-occupancy multifamily building in one of Brooklyn's most sought-after neighborhoods. The two-building configuration on a single lot provides added value and operational efficiency. This is an ideal investment for seasoned real estate investors seeking a stable, high-yielding asset in a rapidly appreciating market.