Listed by IPRG Investment Property Realty Group
$1,800,000
115 Withers Street
Details
APN 2738-36
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,995
Units 6
Cap Rate 5.30%
NOI $95,479
Price per SqFt $360
Zoning R6B
Multifamily | 6 Units | $300,000/unit
Marketing description
Investment Property Realty Group (IPRG) has been exclusively retained to sell 115 Withers Street, a six-unit multifamily building located mid-block between Leonard Street and Manhattan Avenue in the booming Williamsburg section of Brooklyn. One of the apartments (1L) will be delivered vacant, offering a new owner the rare opportunity to occupy a unit in the building while rental income from the remaining apartments helps offset the mortgage.
This 30-foot-wide building sits on a tree-lined block of Withers Street, just blocks from McCarren Park and the dining, cafés, and bars. The property is a short walk from the L and G trains at the Lorimer Street / Metropolitan Avenue station complex, as well as the B24, B48, and Q59 bus lines.
Investment highlights
Listing Contacts
Listed by IPRG Investment Property Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$95,479.00
$7,956.58/mo
Valuation Metrics
0
DSCR
5.3%
Cap Rate
5.3%
ROI
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