518 Meeker Ave - Apartments FOR SALE


Brooklyn, NY 11222- Williamsburg
$3,850,000 USD
718-475-4382
518 Meeker Ave, Brooklyn, NY for Sale
$3,850,000 USD
Apartments - FOR SALE
1/35
null | 5.4% Cap Rate

518 Meeker Ave
Brooklyn, NY 11222
Williamsburg


HIGHLIGHTS

  • 10-Unit Elevator Building Spanning 9,682 Gross SF on a 50' x 63' Lot
  • Modern Apartments Ranging from Studios to 3-Bedrooms | Most with Private Outdoor Space
  • Upside Potential Through Storage Income, Amenity Upgrades & Rooftop Repositioning
  • High-End Finishes | Stainless Steel Appliances, Hardwood Floors, Washer/Dryer Hookups
  • Prime Williamsburg/Greenpoint Location | Access to Graham Avenue L-Train and Nassau Avenue G-Train
  • Surrounded by North Brooklyn’s Top Dining, Parks & Venues Including McCarren Park, Lilia, and Brooklyn Steel

OVERVIEW

518 Meeker Avenue offers investors a modern 10-unit multifamily elevator building in one of Brooklyn’s most sought-after rental corridors. The property spans 9,682 gross square feet on a 50' x 63' lot and features a diverse mix of studios, two, and three-bedroom layouts—many with private outdoor space. Apartments are finished with modern kitchens, stainless steel appliances, hardwood flooring, washer/dryer hookups, and open layouts, catering to today’s high-income renter base. Positioned at the convergence of Williamsburg and Greenpoint, 518 Meeker is surrounded by a mix of boutique retail, new development, and destination dining. Additional revenue opportunities exist through 10 large storage units, bike storage, and the potential to upgrade common areas or reactivate the rooftop amenity space with skyline views. Tenants enjoy seamless access to the Graham Avenue L Train, Nassau Avenue G Train, and the BQE, connecting to Manhattan in minutes. The property sits near some of North Brooklyn’s most notable attractions, including McCarren Park, Brooklyn Steel, Warsaw, and acclaimed restaurants such as Lilia, Misi, and Bonnie’s. 518 Meeker Avenue is an ideal long-term hold or value-add opportunity in a proven, high-demand submarket.

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$398 USD /SF

# OF UNITS

10

PRICE/UNIT

$385,000

CAP RATE

5.4%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2005

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,167 SF

ZONING

R6

APN/PARCEL ID

02827-0131

ASK ABOUT THIS PROPERTY

Shaun RineyMarcus & MillichapMore Info
718-475-4382

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Shaun RineyMarcus & MillichapMore Info
718-475-4382

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