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473 Humboldt St, Brooklyn, NY, 11211

11beds
5baths
3,750sqft
$3,400,000
$907price/sqft
$19,848/moest. monthly cost
$793,920/yrincome needed

About This Home

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/Completely Free-Market Please call for a private viewing and set-up!

Getting Around

92
WalkingWalker's Paradise
0
TransitVery Limited Transit
86
BikeVery Bikeable

Schools

8/10

Construction

Condition

  • Year built: 1928

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher

Bedrooms & Bathrooms

  • Bedrooms: 11
  • Bathrooms: 5
  • Full bathrooms: 5

Features

  • Flooring: Hardwood

Interior Area

  • Total structure area: 3,750
  • Total interior livable area: 3,750 sqft

Property

Details

  • Special condition: Resale

Features

  • Patio & porch: Other
  • Exterior features: Garden
  • Has view: Yes
  • View description: Skyline