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Prime Mixed-Use 4 Family + Store in Williamsburg

Prime Mixed-Use 4 Family + Store in Williamsburg
FOR SALE
View more

$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

Download

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.

Contact the Listing Team

Jessie Lookfong

Jessie Lookfong

Real Estate Associate Broker

15 closed

Call

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Jessie Lookfong

Jessie Lookfong

Real Estate Associate Broker

15 closed

Call