467 Keap Street, Brooklyn, NY 11211

$24,000,000
Active for Sale
 
Listing ID 11661314
Property Type Multi-Unit (5+)
County Kings
Township Kings
Neighborhood Williamsburg
Total Tax $132,292
FEMA Flood Map fema.gov/portal
Year Built 2009
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100% OCCUPIED • 421A TAX ABATEMENT

Ten-story mixed-use elevator building built in 2009 29 residential lofts with 20' ceilings - all fully occupied (6 affordable units) 8,300 SF commercial unit with elevator - half recently leased for $14,000/month to a high end gym 3 levels of parking with 60 spots generating monthly income Potential to add 6,985 SF of parking on the second-floor roof Includes cellar storage and a loading dock 421a tax exemption in place until July 2038 Building measures 77,664 SF on a 96.08' x 183.33' lot Current gross annual income: $2,158,235. Current net annual income: ~$1,863,163. Legal residential rent roll: $1,401,975/year Projected total gross income with full commercial lease: ~$2,352,375. Actual cap rate: 7.76%
Property Details
  • 65535 SF (AG)
  • 16951 SF Lot
  • Built in 2009
  • 10 Stories
  • Available 11/02/2023
Unit Information

No unit information was entered.

Commercial Info
  • 60 Parking Spaces
  • 7.76% Cap. Rate
Income/Expenses
  • Total Exp $275,833
Taxes and Fees
  • $132,292 Total Tax
Listed By
EVERGREEN REALTY & INVESTMENTS
Office: 646-838-1378
Mobile: 646-838-1378
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