MultiFamily Building at 518 Meeker Avenue Brooklyn
FOR SALE
$3,850,000
518 Meeker Avenue, Brooklyn, NY 11222
9,682 SF
Square Feet
$398
PPSF
5.38%
CAP
Property Description
NOI
$207,075
Cap Rate
5.38%
- 10-unit elevator building featuring modern layouts with private outdoor space, skyline views, and high-quality finishes throughout
- Prime Transit-Oriented Location: Positioned at the nexus of Greenpoint and Williamsburg, near McCarren Park, the G Train, and major transit arteries
- Long-Term Stability: Fully rent-stabilized asset providing steady cash flow, low vacancy risk, and durable tenant base in one of Brooklyn’s most desirable neighborhoods
Property Details
Asset Type
MultiFamily
Zoning
R6
Lot Size
2,200 SF
Neighborhood
East Williamsburg
Submarket
Brooklyn
ZIP
11222
Listing Type
sale
Offering Memorandum
30 years
10 years
Net Operating Income (NOI)
$328,524
Debt Service Coverage Ratio (DSCR)
1.50x
Cap Rate
8.53%
Cash Flow (Annual)
$109,513
Cash-on-Cash Return
11.38%
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.
