Gorgeous four- story plus basement mixed-use townhouse in Williamsburg. First Floor is home to a successful bar, which has been renovated and professionally sound-proofed. The parlor floor is also being used as a commercial space. The upper two residential floors are renovated floor-through that generate great income. All residential tenants have a month-to-month lease. Around the corner from the JMZ subway line (just one stop to Manhattan) on Broadway and steps from the Williamsburg Bridge. A current Cap rate of 7%, with potential to be increased to 8% or more in the short term, makes this property a very attractive investment! Sold in "As Is" condition.
Off market
$2,731,000
168 Marcy Ave, Brooklyn, NY 11211
0beds
0baths
4,150sqft
Townhouse
Built in 1920
1,200 Square Feet Lot
$2,731,000 Zestimate®
$658/sqft
$5,095 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Features
- Has fireplace: Yes
Interior area
- Total interior livable area: 4,150 sqft
Property
Lot
- Size: 1,200 sqft
Details
- Parcel number: 024600025
Construction
Type & style
- Home type: Townhouse
Condition
- Year built: 1920
Community & neighborhood
Location
- Region: Brooklyn