Prime Mixed-Use 4 Family + Store in Williamsburg
$2,999,000
213 Johnson Avenue, Brooklyn, NY 11206
4,500 SF
Square Feet
$666
PPSF
4
Units
700.0K
PPU
5.01%
CAP
Property Description
Units
4 — PPU: 700.0K
NOI
$150,359
Cap Rate
5.01%
Building Features (3 Floors):
– 4 Residential Units configured as 1BR/1BA each (Front & Rear Apts)
– Potential to convert to 2-bedroom units, providing flexibility for increased rental income or diverse leasing options.
– Hardwood floors throughout each unit.
– First Floor Commercial Space is currently utilized as a counseling office w/ Reception Area, Main Front Office & 5 Additional Private Offices
– Commercial unit has access to the backyard and additional 1,000 SF of storage in basement
– Lower Level is used for pantry food storage. This versatile space offers potential for expansion or conversion based on your needs.
– 6 gas meters and 6 electric meters
– Electrical and Plumbing: completely updated in 2002.
– Heating: two gas heating boilers installed in 2002.
– Water Heaters: two units—one serving the apartments (replaced this year) and one serving the commercial space (replaced 4 years ago).
– Surveillance System: equipped with 24/7 surveillance for added security and peace of mind
– Roof is 6 years old and resurfaced earlier this year
– The L, J, M, and G subway lines are just a short walk away, ensuring easy transportation
213 Johnson Ave represents a rare investment opportunity with solid mechanical systems, a versatile layout, and an unbeatable location. Whether you’re looking to capitalize on the residential rental market, expand your commercial ventures, or both, this property is poised for success.
Property Details
Asset Type
Mixed-use
Year Built
2001
Zoning
R6
Lot Size
2,383 SF
Neighborhood
East Williamsburg
Submarket
Brooklyn
ZIP
11206
Renovated
2002
Listing Type
sale
Offering Memorandum
Net Operating Income (NOI)
$238,545
Debt Service Coverage Ratio (DSCR)
1.40x
Cap Rate
7.95%
Cash Flow (Annual)
$67,944
Cash-on-Cash Return
9.06%
Monthly Debt Service
$14,217
Annual Debt Service
$170,601
View on Map
Address
213 Johnson Avenue
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Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale
No investors found in this market.