Property Description

owner financing available — 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!

Features
: Other
Address Map
11204
5th
1516
Street
0
W74° 1' 9.1''
N40° 40' 11.7''
MLS Addon
: Multi-family
10
63
: Other
: Other
: Other
118210
RE/MAX Edge
ZaiYou (Joe) Zhu
ZYZ1615
$0
$0
: Full, Semi-finished, Separate Entrance, Walk-in
: Storage Rooms
: Brick, Other
: Active
$33,397

Residential For Sale

1516 5th Street, Brooklyn, New York 11204

17 Bedrooms
6,560 Sqft
$1,580,000
Listing ID #487512
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 487512
Price : $1,580,000
Bedrooms : 17
Square Footage : 6,560 Sqft
Year Built : 0
Lot Area : 2,000 Sqft
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