157 N 5th Street

Williamsburg, NY 11211

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.

Listing courtesy of All Island Estates Realty Corp 516-783-5600


Based on information submitted to the MLS GRID as of 2024-05-06 10:15 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.