1514-1516 W 5th St - Apartments FOR SALE


Brooklyn, NY 11204- Bensonhurst
$1,580,000 USD
347-791-7011
1514-1516 W 5th St, Brooklyn, NY for Sale
$1,580,000 USD
Apartments - FOR SALE
1/10
null | 6.5% Cap Rate

1514-1516 W 5th St
Brooklyn, NY 11204
Bensonhurst


OVERVIEW

owner financing available -- 6.5% cap rate. A stunning 8-unit apartment building offering an exceptional opportunity for savvy investors or owner occupied . This well-maintained, semi-detached, four-story brick property boasts 6,560 sq. ft. of living space, featuring seven spacious 2-bedroom apartments, one charming 1-bedroom apartment, and a versatile 3-room storage facility. Fully occupied, this property generates an impressive $160,000 in annual rental income, making it a stable and high-performing asset. Located just minutes away from the "N" Subway line and the bustling Bay Parkway shopping district, this property offers unbeatable convenience and consistently high tenant demand. Recent upgrades include modernized electrical systems, two new hot water heaters, fully renovated kitchens and bathrooms, new flooring, updated toilets in every unit, and refreshed common areas, ensuring a low-maintenance and hassle-free investment. With its prime location, steady income, and significant upside potential, this property is a perfect choice for investors looking to expand their portfolio or those seeking a 1031 exchange. The flexibility of owner financing and a solid 6.5% cap rate make this a truly rare and compelling investment. Don’t let this opportunity pass you by. Contact us today to schedule your private showing and secure this exceptional property!

FOR SALE DETAILS

PRICE

$1,580,000 USD

PRICE/SF

$241 USD /SF

# OF UNITS

8

PRICE/UNIT

$197,500

CAP RATE

6.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,004 SF

ZONING

R6 Brooklyn (C1)

APN/PARCEL ID

06601-0013

ASK ABOUT THIS PROPERTY

Joe ZhuRE/MAX EdgeMore Info
347-791-7011

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Joe ZhuRE/MAX EdgeMore Info
347-791-7011

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