473 Humboldt Street Brooklyn, NY 11211
Other
MLS #: 11830933
Courtesy Of Ferris Properties Corp.
Property InformationDescription
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.
Features
- Age: Over 50 Years Old
- Exterior Type: Stucco
- Exterior Type: Brick
- Floor Covering: Linoleum
- Floor Covering: Hardwood
- Floors: 3
- Heating System: Hot Water(Heating)
- Heating System: Natural Gas
- MLSID: 11830933
- Roof Type: Flat
- Rooms: Bathroom 4
- Rooms: Bathroom 5
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 1
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