116 Smith St - Apartments FOR SALE


Brooklyn, NY 11201- Boerum Hill
$5,000,000 USD
718-598-7374
116 Smith St, Brooklyn, NY for Sale
$5,000,000 USD
Apartments - FOR SALE
1/9
null | 3.53% Cap Rate

116 Smith St
Brooklyn, NY 11201
Boerum Hill


HIGHLIGHTS

  • High pedestrian activity during business hours
  • Excellent street exposure with consistent car flow

OVERVIEW

Investment Opportunity – 3317 Avenue I, Brooklyn, NY 11210 This versatile mixed-use property offers a rare opportunity in a high-traffic, high-visibility location. The landlord is flexible and open to a variety of potential uses, making it ideal for investors or business owners seeking a customizable space. Strategically located just 15 minutes from major Brooklyn landmarks including the Barclays Center, Brooklyn Promenade, and the Brooklyn Bridge, the property benefits from excellent connectivity and strong neighborhood appeal. Financial Highlights: Monthly Income: $17,895.28 Annual Gross Income: $214,743.36 Annual Expenses: Taxes: $33,459 Insurance: $2,500 Electricity: $600 Gas: $1,800 Total Expenses: $38,359 Net Operating Income (NOI): $176,384.36 This property is located in a vibrant area with strong daytime pedestrian activity and steady vehicle traffic, making it a prime location for retail, office, or community-based services.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$1,136 USD /SF

# OF UNITS

5

PRICE/UNIT

$1,000,000

CAP RATE

3.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,336 SF

ZONING

R6

APN/PARCEL ID

00187-0024

ASK ABOUT THIS PROPERTY

Emmanuel VictorGosen Properties, IncMore Info
718-598-7374

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Emmanuel VictorGosen Properties, IncMore Info
718-598-7374

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.