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Modern MultiFamily Investment at 518 Meeker Avenue

Modern MultiFamily Investment at 518 Meeker Avenue
FOR SALE
View more

$3,850,000

518 Meeker Avenue, Brooklyn, NY 11222

9,682 SF

Square Feet

$398

PPSF

10

Units

300.0K

PPU

5.40%

CAP

Property Description

Units

10 — PPU: 300.0K

NOI

$207,900

Cap Rate

5.40%

518 Meeker Avenue offers investors a modern 10-unit multifamily elevator building in one of Brooklyn’s most sought-after rental corridors. The property spans 9,682 gross square feet on a 50' x 63' lot and features a diverse mix of studios, two, and three-bedroom layouts—many with private outdoor space. Apartments are finished with modern kitchens, stainless steel appliances, hardwood flooring, washer/dryer hookups, and open layouts, catering to today’s high-income renter base.


Positioned at the convergence of Williamsburg and Greenpoint, 518 Meeker is surrounded by a mix of boutique retail, new development, and destination dining. Additional revenue opportunities exist through 10 large storage units, bike storage, and the potential to upgrade common areas or reactivate the rooftop amenity space with skyline views.


Tenants enjoy seamless access to the Graham Avenue L Train, Nassau Avenue G Train, and the BQE, connecting to Manhattan in minutes. The property sits near some of North Brooklyn’s most notable attractions, including McCarren Park, Brooklyn Steel, Warsaw, and acclaimed restaurants such as Lilia, Misi, and Bonnie’s. 518 Meeker Avenue is an ideal long-term hold or value-add opportunity in a proven, high-demand submarket.


  • 10-Unit Elevator Building Spanning 9,682 Gross SF on a 50' x 63' Lot
  • Modern Apartments Ranging from Studios to 3-Bedrooms | Most with Private Outdoor Space
  • Upside Potential Through Storage Income, Amenity Upgrades & Rooftop Repositioning
  • High-End Finishes | Stainless Steel Appliances, Hardwood Floors, Washer/Dryer Hookups
  • Prime Williamsburg/Greenpoint Location | Access to Graham Avenue L-Train and Nassau Avenue G-Train
  • Surrounded by North Brooklyn’s Top Dining, Parks & Venues Including McCarren Park, Lilia, and Brooklyn Steel

Property Details

Asset Type

MultiFamily

Year Built

2005

Zoning

R6

Lot Size

2,200 SF

Neighborhood

East Williamsburg

Submarket

Brooklyn

ZIP

11222

Listing Type

sale

Net Operating Income (NOI)

$329,833

Debt Service Coverage Ratio (DSCR)

1.51x

Cap Rate

8.57%

Cash Flow (Annual)

$110,822

Cash-on-Cash Return

11.51%

Monthly Debt Service

$18,251

Annual Debt Service

$219,012

View on Map

Address

518 Meeker Avenue

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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale

No investors found in this market.

Contact the Listing Team

Michael (Mike) Salvatico

Michael (Mike) Salvatico

Real Estate Broker

184 closed

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Shaun Riney
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Shaun Riney

Senior Managing Director of Investments

378 closed

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Vincent Tomaselli

Vincent Tomaselli

Commercial Real Estate Agent

6 closed

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Send a Message

Michael (Mike) Salvatico

Michael (Mike) Salvatico

Real Estate Broker

184 closed

Call
Shaun Riney
Verified Badge

Shaun Riney

Senior Managing Director of Investments

378 closed

Call
Vincent Tomaselli

Vincent Tomaselli

Commercial Real Estate Agent

6 closed

Call