1516 West 5th Street, Brooklyn NY 11204

$1,499,999

1516 West 5th Street, Brooklyn, NY 11204

bedrooms

bathrooms

square feet

6,560

Acreage

0.04591368227731864

Open Houses

year built

Full Baths

Half Baths

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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!

Location
Subdivision	-
County	Kings (Brooklyn)
Elementary School	-
Middle School	-
High School	-

Exact location data not provided

Driving directions

Open houses

None scheduled.

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MLS number: 487512

Listing agent: Zaiyou (Joe) Zhu

Listing broker: Womcore Llc Dba Remax Edge (718) 612-3088

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Last update: Sunday, March 2 2025 at 2:05 p.m. EST

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