$27,000,000
$5M PRICE DROP

Estimated payment $161,434/month

Total Views 16,897
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 16,951 Sq Ft lot
  • 1-minute walk to Metropolitan Avenue
  • 2-minute walk to Macri Triangle
  • Elevator

About This Home

Ten-story mixed-use elevator building built in 2009 29 residential lofts with 20' ceilings - all fully occupied (6 affordable units) 8,300 SF commercial unit with elevator - half recently leased for $14,000/month to a high end gym 3 levels of parking with 60 spots generating monthly income Potential to add 6,985 SF of parking on the second-floor roof Includes cellar storage and a loading dock 421a tax exemption in place until July 2038 Building measures 77,664 SF on a 96.08' x 183.33' lot Current gross annual income: $2,140,574.76 Current net annual income: $1,864,741.18 Legal residential rent roll: $1,318,460/year Projected total gross income with full commercial lease: $2,273,142.48 Actual cap rate: 6.91%

Listing Agent

Emma Barattini

EVERGREEN REALTY & INVESTMENTS Listed on: 11/02/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $132,292

Year Built

  • Built in 2009

Lot Details

  • 0.39 Acre Lot

Community Details

Overview

  • Williamsburg Community
  • Community Parking
  • 10-Story Property

Amenities

  • Elevator

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$132,292

Year Built

Built in 2009

Lot Details

0

Listing Details

  • HamletID: 0
  • InteriorAmps: 0
  • LandFrontageInFeet: 0
  • LandRentAmount: 0
  • LastPriceValue: 2.6E7
  • Number Of Stories: 10
  • PercentageOfTaxThatIsDeductable: 0
  • PropertyCity: Brooklyn
  • PropertyTownship: Kings
  • Prop. Type: Multi-Unit (5+)
  • PropertyZipCode: 11211
  • PropertyZoneType: 0
  • Renovation Year: 0
  • SForSaleAndRForRental: S
  • USStateAbbreviation: NY
  • Year Built: 2009
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 10

Interior Features

  • BasementAreaSquareFootage: 0
  • Fireplaces: 0
  • Number of Rooms: 0
  • AboveArea Sq Ft: 0

Garage/Parking

  • AttachedParking: 0
  • BuildingCommunityParking: Yes
  • Numberof Garage Spaces: 0

Utilities

  • Utilities: 0

Condo/Co-op/Association

  • HOA Fees: 0
  • Units in Building: 0

Lot Info

  • Lot Size Sq Ft: 16951
  • Number Of Lots: 0

Multi Family

  • Unit Number of Bedrooms: 0
  • Total Taxes: 132292

Tax Info

  • Tax Year: 0

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $150,466 $8,957,700 $724,500 $8,233,200
2023 $139,907 $8,492,850 $724,500 $7,768,350
2022 $843,250 $8,426,250 $724,500 $7,701,750
2021 $769,343 $6,633,450 $724,500 $5,908,950
2020 $722,753 $7,365,600 $724,500 $6,641,100
2019 $669,788 $6,362,100 $724,500 $5,637,600
2018 $625,000 $5,673,150 $724,500 $4,948,650
2017 $46,596 $5,323,950 $724,500 $4,599,450
2016 $46,897 $4,734,450 $724,500 $4,009,950
2015 $23,882 $4,459,950 $724,500 $3,735,450
2014 $23,882 $4,378,050 $724,500 $3,653,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 For Sale $27,000,000 0.0% --
02/03/2025 02/03/25 Off Market $27,000,000 -- --
11/04/2024 11/04/24 Price Changed $27,000,000 0.0% --
11/04/2024 11/04/24 For Sale $27,000,000 +3.8% --
11/02/2024 11/02/24 Off Market $26,000,000 -- --
05/16/2024 05/16/24 Price Changed $26,000,000 0.0% --
05/16/2024 05/16/24 For Sale $26,000,000 -17.5% --
05/08/2024 05/08/24 Off Market $31,500,000 -- --
11/02/2023 11/02/23 For Sale $31,500,000 -- --
Source: NY State MLS

Purchase History

Date Type Sale Price Title Company
Deed $1,000,000 --
Deed $1,000,000 --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Deed $460,000 Commonwealth Land Title Ins
Deed $460,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $14,000,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $1,100,000 Commercial
Previous Owner $14,850,000 Commercial
Previous Owner $2,115,000 Commercial
Previous Owner $499,000 Commercial
Previous Owner $335,000 Commercial
Source: Public Records

Source: NY State MLS

MLS Number: 11220624

NY State MLS

APN: 02371-0042