We are pleased to offer a high-performing mixed-use property located in the heart of Williamsburg, Brooklyn — one of New York City’s most dynamic and desirable neighborhoods for both residential and commercial tenancy. Constructed in 2000 and meticulously maintained, this three-story asset comprises a ground-floor retail space currently occupied by a long-standing deli operator, one full-floor 3-bedroom residential unit, and four 1-bedroom apartments. All units are separately metered, with clean utility separation and low-maintenance common areas. Importantly, there are no leases in place, presenting a rare opportunity for immediate repositioning to market rents in an area experiencing sustained demand and limited supply. The property generates a gross annual income of $246,000, with modest operating expenses totaling $85,384. After accounting for a standard 5% vacancy reserve, the net operating income stands at approximately $148,316. Based on a 5.5% capitalization rate, this implies a market valuation in the range of $2.7 million. Financing scenarios at 75% loan-to-value and a 6% interest rate project a strong cash-on-cash return, with ample debt coverage supported by in-place income. Williamsburg continues to attract a diverse and affluent tenant base, driven by its unique blend of residential appeal, retail vibrancy, and transit accessibility. This asset is exceptionally positioned to benefit from the neighborhood’s long-term trajectory, offering both immediate cash flow and long-range value appreciation.

Listing courtesy of Keller Williams Landmark II CD12@kw.com


Based on information submitted to the MLS GRID as of 2025-06-06 05:57 PM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.