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Opportunity Zone
467 Keap Street • Ainslie Tower
100% OCCUPIED•25-YEAR 421A TAX ABATEMENT•PRIME WILLIAMSBURG
Listing Contacts
Active
Asking Price:Unpriced
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Address
467 Keap St, Brooklyn, NY 11211
Show on MapDate Added
Apr 5, 2023
Days on Market
806 days
Time Since Last Update
2 days
Details
Marketing Description
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Ten-story mixed-use elevator building built in 2009
29 residential lofts with 20' ceilings — all fully occupied (6 affordable units) -
8,300 SF commercial unit with elevator — half recently leased for $14,000/month to a high end gym
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3 levels of parking with 60 spots generating monthly income
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Potential to add 6,985 SF of parking on the second-floor roof
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Includes cellar storage and a loading dock
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421a tax exemption in place until July 2038
Building measures 77,664 SF on a 96.08' x 183.33' lot -
Current gross annual income: $2,140,574.76
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Current net annual income: $1,864,741.18
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Legal residential rent roll: $1,318,460/year
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Projected total gross income with full commercial lease: $2,273,142.48
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Actual cap rate: 6.91%
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Property History
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