467 Keap Street

Williamsburg, Brooklyn, NY 11211

Ainslie Tower is a ten-story, thirty-unit elevator apartment building built in 2009. This mixed-use building boasts twenty-nine residential units, all of which are occupied lofts with 20 foot ceilings. Six apartments are affordable housing units. The building has one commercial unit, a newly vacant 7,310 square foot store with an elevator asking $28,000/month. The building also has cellar storage space and a loading dock. Three levels of parking (60 parking spots) that bring in monthly rental income. There is potential to add 6,985 more square feet of parking on the second floor roof, boasting a total of 80 parking spots. The building measures 77,664 total square feet and sits on a lot measuring 96.08' x 183.33'. The building currently brings in a gross annual income of $2,003,137.56 and a net annual income of $1,727,303.98. It has the potential to gross $2,100,860.76. The building has a 421A exemption that lasts until July 2038. This is an excellent opportunity to earn steady rental income in prime Williamsburg. 7.06% Cap Rate. Submit your best offer.

This is an Active listing.

Broker Office Phone Number: 646-838-1378

Copyright © 2024My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.