187 Woodpoint Rd - Apartments FOR SALE


Brooklyn, NY 11211- Williamsburg
$3,800,000 USD
347-486-4467
187 Woodpoint Rd, Brooklyn, NY for Sale
$3,800,000 USD
Apartments - FOR SALE
1/25
null | 5.94% Cap Rate

187 Woodpoint Rd
Brooklyn, NY 11211
Williamsburg


HIGHLIGHTS

  • Fully occupied.
  • Located in the Williamsburg neighborhood of Brooklyn.
  • Steps away from the L train.

OVERVIEW

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

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$892 USD /SF

# OF UNITS

4

PRICE/UNIT

$950,000

CAP RATE

5.94%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1999

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,630 SF

ZONING

R6B

APN/PARCEL ID

02884-0102

ASK ABOUT THIS PROPERTY

Yona GolranSP Capital Group LLCMore Info
347-486-4467

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Yona GolranSP Capital Group LLCMore Info
347-486-4467

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