473 Humboldt Street, Brooklyn, NY 11211
473 Humboldt Street, Brooklyn, NY 11211
473 Humboldt Street, Brooklyn, NY 11211
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Hal Blake

Hal Blake

+1(718) 608-4892
$3,400,000
Est. payment /mo
5 Baths
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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 11830933

Full Baths 5

Year Built 1928

Annual Tax Amount $10,084

Property Description

INVESTOR ALERT/High-Yield 5-Unit Asset in Prime Williamsburg Brooklyn 11211 Rare Value-Add Multi-Family/Completely Renovated ($5,500/mth+) Anchor Unit (Largest unit 3-bdrm w/outdoor space ) delivered vacant. Zero Day-1 CapEx required for primary asset! /Remaining Units in Turnkey Condition! 100% Free Market!! Located just a few blocks to both the Graham Ave. L and Lorimer St. G trains for an effortless, minutes-long commute into Manhattan! A globally recognized residential hotspot! Steps away from premier Brooklyn dining, unmatched art venues, nightlife, gyms, yoga studios & luxury retail! Welcome to 473 Humboldt Street!! Turnkey & Rent-Ready throughout! Unlike typical value-ad assets that require heavy structural overhauls, all remaining apartments are in good, well-maintained condition! This 5-famly building has the most resilient rental market offering a perfect combination of immediate premium cash flow and a clear path to high-margin returns! Opportunity is Knocking on your door!! Cap Rate as of present is 5.1. Pro forma is modestly calculated at 7.5 Please call for a private viewing and set-up.

Location

State NY

County 36047

Rooms

Basement Full

Dining Room 0

Kitchen 0

Building

Story 3

Water Municipal

Structure Type Masonry - Brick

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Hal Blake
Hal Blake

Broker License ID: 10491210994

+1(718) 608-4892

1110 South Ave, Staten Island, NY 10314-3403, USA

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