473 Humboldt Street
473 Humboldt Street, 11211
473 Humboldt Street
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.
Property details
- Full bathrooms
- 5
- Flooring
- Linoleum, Hardwood
- Furnished
- Unfurnished
- Stories
- 3
Listed by: Laura Ferris, Ferris Properties Corp.,
Source: New York State MLS, MLS# 11830933
Copyright My State MLS. All rights reserved. Information is deemed reliable but not guaranteed
- Basement
- Walk-Out Access, Unfinished, Bilco Doors
- Basement area
- 750 sq ft
- Below grade finished area
- 750 sq ft
- Year built
- 1928
- Renovation year
- 2020
- Renovation details
- Upgrades took place upon vacancies such as Kitchen cabinets, countertops, sanding & polyurethane hardwood flooring. The 1st floor (3 Bedroom is fully renovated & vacant)
- Construction materials
- Stucco, Brick
- Roof
- Flat
- Heating
- Hot Water, Natural Gas
- Water source
- Public
- Lot size in acres
- 25 acres
- View
- Street
- Annual taxes
- $10,084
- Original list price
- $3,400,000
- Near train
- Yes
- Near bus
- Yes
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