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Single Family Attached in Brooklyn, NY - $1,399,999

1516 West 5th Street, Brooklyn, NY, 11204

Description

Bedroom

17 Rooms

Bathroom

10 Baths

Square Foot

6560 Ft

Lot Size

0.05 Acres

A stunning 8-unit apartment building offering an exceptional opportunity for savvy investors . This well-maintained, semi-detached, four-story brick property boasts 6,560 sq. ft. of living space, featuring seven spacious 2-bedroom apartments, one charming 1-bedroom apartment, and a versatile 3-room storage facility. Fully occupied, this property generates an impressive $160,000 in annual rental income, making it a stable and high-performing asset. Located just minutes away from the "N" Subway line and the bustling Bay Parkway shopping district, this property offers unbeatable convenience and consistently high tenant demand. Recent upgrades include modernized electrical systems, two new hot water heaters, fully renovated kitchens and bathrooms, new flooring, updated toilets in every unit, and refreshed common areas, ensuring a low-maintenance and hassle-free investment. With its prime location, steady income, and significant upside potential, this property is a perfect choice for investors looking to expand their portfolio or those seeking a 1031 exchange. The flexibility of owner financing and a solid 6.5% cap rate make this a truly rare and compelling investment. Don’t let this opportunity pass you by. Contact us today to schedule your private showing and secure this exceptional property!

Location
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Additional Listing Details:

136 days on HouseJet

Last Refresh: 09/17/2025 11:00:03 PM UTC

MLS #: 487512

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Listing Agent

ZaiYou (Joe) Zhu

Womcore LLC dba Remax Edge

Phone: 718-612-3088