SP Capital Group is pleased to present 187 Woodpoint Road, a fully occupied 4-unit multifamily property located in Williamsburg, Brooklyn.
The 4-story walk-up contains approximately 4,259 SF and consists of three 3-bedroom / 2-bath apartments and one 2-bedroom / 2-bath duplex with backyard access. The property generates approximately $259,080 in annual rental income and $211,280 in NOI, representing an approximate 5.56% cap rate at the $3,800,000 asking price.
Current rents total approximately $21,590 per month, with individual units ranging from $5,000 to $5,850 per month.
Located near the corner of Woodpoint Road and Skillman Avenue, the property is surrounded by restaurants, shops, markets, schools and parks, with convenient access to the L train.
Investment Highlights:
4 fully occupied residential units
Approximately 4,259 SF
3 three-bedroom / two-bath units
1 two-bedroom / two-bath duplex with backyard access
$259,080 annual rental income
$211,280 NOI
Approx. 5.56% cap rate
R6B zoning
Prime Williamsburg location
Asking Price: $3,800,000