Property
| Ownership: | For Sale |
|---|---|
| Type: | Multi-Family |
| Bedrooms: | Studio |
| Lot Size: | 0.1 Acres |
Financials
Listing Courtesy of All Island Estates Realty Corp
Calling All Investors, Developers amp ; End Users !
- View of building exterior
- Aerial overview of property's location with property boundaries highlighted
- View of entryway
- Corridor with mail area and ornamental molding
- 5
- Aerial overview of property's location
- Hall with ornamental molding and a decorative wall
- Unfurnished living room with radiator heating unit, wood finished floors, a ceiling fan, cooling unit, and brick wall
- Unfurnished living room with radiator heating unit, wood finished floors, and a ceiling fan
- Empty room with radiator heating unit and wood finished floors
- Kitchen with range with gas stovetop, freestanding refrigerator, white cabinets, light tile patterned flooring, and light countertops
- Map / location with property parcel outlined
- Bathroom with tile patterned flooring, shower / bathtub combination, tile walls, and vanity
- View of property
- Community bar area with an ornate ceiling
- View of patio / terrace
- 17
- Dining room with an ornate ceiling, a chandelier, a wainscoted wall, wood-type flooring, and a community bar
- Aerial view of property's location
- Kitchen with open shelves
- View of apartment building / complex
- View of patio
- View of unfinished basement
- Utility room featuring electric meter and electric panel
- Aerial overview of property's location featuring property boundaries highlighted
- View of utilities
- View of utility room
- View of unfinished below grade area
- Aerial map of property and surrounding area
- View of utility room
- Map of property location
- Utility room featuring electric meter
- Utility room featuring gas meter
- Aerial map of property and surrounding area
- View of building exterior
- View of apartment building / complex
- Doorway to property
- 38
- Community bar area featuring an ornate ceiling and brick wall
- View of unfinished basement
- Hallway featuring a decorative wall, a textured wall, and ornamental molding
- Empty room featuring wood finished floors, healthy amount of natural light, and ceiling fan
- View of unfinished below grade area
- Unfurnished room featuring wood finished floors and brick wall
- Utilities featuring electric panel
- Utility room featuring electric panel
Description
Calling All Investors, Developers & End-Users!!! 31,500 Sqft. 36 Unit Corner Mixed-Use Building In Williamsburg For Sale!!! The Building Features Excellent Signage, Great Exposure, M1-2/R6A/MX-8 Zoning, 21 Free Market Apartments, Restaurant, 3 Commercial Units, High 10’ Ceilings, Signalized Intersection, 6 Parking Spaces, 11 Stabilized Apartments, All New LED Lighting, 3 Phase Power, +++!!! The Property Is Located In The Heart Of Williamsburg 1 Block Off I-278 & Just Minutes From The Williamsburg Bridge!!! Neighbors Include Starbucks, Peter Luger’s Steak House, The Home Depot, Whole Foods Market, CubeSmart Self Storage, T-Mobile, Planet Fitness, Walgreens, Dunkin’, Liberty Tax, Meineke Car Care Center, Trader Joe’s, McDonald’s, IHOP, +++!!! The Building Has 154 Feet Of Wrap-Around Frontage On Havemeyer Street & Hope Street!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Expenses:
Oil: $18,000 Ann.
Electric: $1,200 Ann. (Common Area Only)
Property Super: $12,000 Ann.
Insurance: $12,289 Ann.
Water & Sewer: $38,000 Ann.
Taxes: $240,350 Ann.
Total Expenses: $321,839 Ann.
Current Gross Income: $1,400,000 Ann.
Net Operating Income (NOI): $1,078,161 Ann.
Amenities
- Electricity Connected
- Sewer Connected
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
