147 8Th StBrooklyn, NY 11249

For Sale
$4,200,000

Prime Williamsburg location, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • Two-building property on a single lot.
  • Ten-unit multifamily building.
  • Prime location at the intersection of N 8th St and Bedford Ave.
  • High-income potential with $273,000 gross annual income.

Property Details for 147 8Th St

Property type
Multifamily properties, Apartment buildings
Square Feet
8,500 SF
Class
C
Buildings
2
Stories
4
Units
10

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.718650934671
Longitude
-73.957548362936
147 8Th St, Brooklyn, New York

FAQs

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147 8Th St
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