Price Reduced 4.11%

$3,500,000

Est. Mortgage $18,161/mo *

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Price History

$3,650,000
7/31/2023

$3,550,000
9/6/2023

$3,399,000
2/2/2024

$3,500,000
4/18/2024

157 N 5th Street, Williamsburg, MA, 11211

157 N 5th Street, Williamsburg, MA, 11211
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1899

Calling All Investors, Developers, & End-Users!!! 100% Occupied 4 Unit Free Market Mixed-Use Building In Williamsburg For Sale!!!The Property Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 9' Ceilings, 2 Br. Apartment, (2) 3 Br. Apartments, Separate Meters, Low Property Taxes (Only $5,013), 200 Amp Power, All New LED Lighting, A/C, +++!!! The Property Is Located Close To The BQE, Williamsburg Bridge And McCarren Park & Pool!!! The Property Is Also Only 2 Blocks From Metropolitan Avenue!!! Neighbors Include Google, Nike, UPS, Dunkin', Walgreens, McDonald's, Orangetheory Fitness, Blink Fitness, +++!!! This Property Has HUGE Upside Potential!!! This Opportunity Won't Last Long!!! This Property Would Make A Nice Addition To Your Investment Portfolio!!! Income: 1st Floor (2 Br., 2 Bath): $42,000 Ann. Lease Exp.: 7/2024. 2nd Floor (3 Br., 2 Bath): $49,200 Ann. Lease Exp.: 7/2024. 3rd Floor (3 Br., 2 Bath): $52,800 Ann. Lease Exp.: 7/2024. LL Spa: $28,800 Ann. Lease Exp.: 8/2024. Gross Income: $172,800 Ann. Expenses: Gas + Electric: $2,860 Ann. (Hallway & Basement Only) Water + Sewer: $2,679 Ann. Insurance: $3,829 Ann. Taxes: $5,013 Ann. Total Expenses: $14,381 Net Operating Income (NOI): $158,419 Ann.

Status:

Active

Type:

Commercial

Units:

4

Zoning:

R6B

Levels:

3

Acreage:

0.06

Est. Taxes:

$5,013

MLS #:

3495017

Community Info

School Info

Walk Score

Mass Transit

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Listing courtesy of All Island Estates Realty Corp 516-783-5600