1516 West 5th Street
$1,580,000
17
10
6,560
6,560
$241
New
Description
owner financing available and 6.5% cap rate. A stunning 8-unit apartment building offering an exceptional opportunity for savvy investors or owner occupied . 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...owner financing available and 6.5% cap rate. A stunning 8-unit apartment building offering an exceptional opportunity for savvy investors or owner occupied . 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!
- Listed by ZaiYou (Joe) Zhu • RE/MAX Edge • Other
Amenities
- Walk Up
- Renovated Kitchen
- Voice Intercom
- Basement
- Private Outdoor Space
- Full Basement
- Parking Included
- Lowrise
LISTING UPDATED: 11/18/2024 06:04 PM
Property Details for 1516 West 5th Street
Status | Active |
---|---|
MLS ID | 487512 |
Days on Market | Listed Today |
Taxes | $33,397 / year |
Maintenance | - |
Min. Down Pymt | - |
Total Rooms | 0.0 |
Compass Type | Townhouse |
MLS Type | Residential |
Year Built | 1928 |
Lot Size | 2,000 SF / 20' x 100' |
County | Kings County |
Building
Building Information for 1516 West 5th Street
Stories4Residences8Year Built1928Building Size20' x 82'Building Sq. Ft6,560 SFLot Size2,000 SF / 20' x 100'Building Age-Building Type-
Property Information for 1516 West 5th Street
Property History for 1516 West 5th Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1516 West 5th Street
Taxable ValueLand$10,800Additions$544,500Total$555,300
Home Facts
Total Finished SqFt5,840 SqFtLot Size2,000 SqFtYear Built1928ZoningR4-1APN3066010013
Schools near 1516 West 5th Street
This home is within Nyc Geog District #21 - Brooklyn.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
P.S. 177 The Marlboro PublicPK to 5 | ||
I.S. 96 Seth Low Public6 to 8 | ||
James Madison High School Public9 to 12 | ||
Brooklyn Studio Secondary School Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.