
Courtesy of: Laura Ferris, Ferris Properties Corp., laura@ferrispropertiescorp.com
$3,400,000
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5.00 Bath (5 Full)
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Lot: 25.00 Acres
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Other
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$3,400,000
473 Humboldt Street INVESTOR ALERT/High-Yield 5-Unit Asset in Prime Williamsburg Brooklyn 11211 Rare Value-Add Multi-Family/Completely Renovated ($5, 500/mth+) Anchor Unit (Largest unit 3-bdrm w/outdoor space ) delivered vacant. Zero Day-1 CapEx required for primary asset! /Remaining Units in Turnkey Condition! 100% Free Market!! Located just a few blocks to both the Graham Ave. L and Lorimer St. G trains for an effortless, minutes-long commute into Manhattan!! A globally recognized residential hotspot! Steps away from premier Brooklyn dining, unmatched art venues, nightlife, gyms, yoga studios & luxury retail! Welcome to 473 Humboldt Street!! Turnkey & Rent-Ready throughout! Unlike typical value-ad assets that require heavy structural overhauls, all remaining apartments are in good, well-maintained condition! This 5-famly building has the most resilient rental market offering a perfect combination of immediate premium cash flow and a clear path to high-margin returns! Opportunity is Knocking on your door!! Cap Rate as of present is 5.1. Pro forma is modestly calculated at 7.5 Please call for a private viewing and set-up.
Courtesy of: Laura Ferris, Ferris Properties Corp., laura@ferrispropertiescorp.com
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