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Multi Family 17 bedrooms - for Sale

1516 W 5TH ST, BROOKLYN, NY 11204

Asking Price$1,399,999

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  • Days on market:

    318 day(s)
  • Original Price:

    $1,580,000
  • Price per sqft:

    $213.41
  • Property Type:

    Multi Family
  • Total Families:

    8
  • Borough:

    Brooklyn
  • Crossing Street:

    BAY PKWY
  • Electric Service:

    Other
  • Construction Type:

    Brick
  • Yard:

    BackFrontSide
  • Roof:

    Other
  • Foundation:

    Other
  • Heat Delivery:

    Steam/Radiator
  • Basement Amenities:

    FullSemi-FinishedSeparate EntranceWalk-in

Description

$1,399,999 • bedroom(s) • ten full bathroom(s) • living size area 6560 sqft

A stunning 8-unit apartment building offering an exceptional opportunity for savvy investors . this well-maintained, semi-detached, four-story brick property boasts 6,560 sq. ft. of living space, featuring seven spacious 2-bedroom apartments, one charming 1-bedroom apartment, and a versatile 3-room storage facility. fully occupied, this property generates an impressive $160,000 in annual rental income, making it a stable and high-performing asset. located just minutes away from the "n" subway line and the bustling bay parkway shopping district, this property offers unbeatable convenience and consistently high tenant demand. recent upgrades include modernized electrical systems, two new hot water heaters, fully renovated kitchens and bathrooms, new flooring, updated toilets in every unit, and refreshed common areas, ensuring a low-maintenance and hassle-free investment. with its prime location, steady income, and significant upside potential, this property is a perfect choice for investors looking to expand their portfolio or those seeking a 1031 exchange. the flexibility of owner financing and a solid 6.5% cap rate make this a truly rare and compelling investment. don’t let this opportunity pass you by. contact us today to schedule your private showing and secure this exceptional property!

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