Commercial Sale in Brooklyn, New York, Brooklyn, NY 11206 | Web ID: PH613904 | $2,680,000

 
Property Description

We are pleased to offer a high-performing mixed-use property located in the heart of williamsburg, brooklyn — one of new york city’s most dynamic and desirable neighborhoods for both residential and commercial tenancy. Constructed in 2000 and meticulously maintained, this three-story asset comprises a ground-floor retail space currently occupied by a long-standing deli operator, one full-floor 3-bedroom residential unit, and four 1-bedroom apartments. All units are separately metered, with clean utility separation and low-maintenance common areas. Importantly, there are no leases in place, presenting a rare opportunity for immediate repositioning to market rents in an area experiencing sustained demand and limited supply. The property generates a gross annual income of $246, 000, with modest operating expenses totaling $85, 384. After accounting for a standard 5% vacancy reserve, the net operating income stands at approximately $148, 316. Based on a 5. 5% capitalization rate, this implies a market valuation in the range of $2. 7 million. Financing scenarios at 75% loan-to-value and a 6% interest rate project a strong cash-on-cash return, with ample debt coverage supported by in-place income. Williamsburg continues to attract a diverse and affluent tenant base, driven by its unique blend of residential appeal, retail vibrancy, and transit accessibility. This asset is exceptionally positioned to benefit from the neighborhood’s long-term trajectory, offering both immediate cash flow and long-range value appreciation.

Property Information
Location/Town New York
Area/County Brooklyn
Post Office/Postal City Brooklyn
Prop. Type Commercial Sale
Tax $60,584.00
Year Built 2011
Basement Finished, Walk-Out Access
Construction Brick
Lot SqFt 2,500
Cooling Wall/Window Unit(s)
Heat Source Natural Gas
Util Incl None
Days On Market 10
Tax Assessed Value 575100
Listing information courtesy of: Keller Williams Landmark II
Mortgage Calculator
Property Value
Downpayment
Loan Amount
Number of Years
Interest Rate
Annual Taxes
Annual Insurance
Mortgage:
Total Payment:
Note: web mortgage-calculator is a sample only; for actual mortgage calculation contact your mortgage provider

 

 

View This Property on the Map