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467 Keap Street, Brooklyn, NY 11211

For Sale

$27,000,000

65,535 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $411.99
    Price per square foot

  • 11-20 Years Old
    Age

Explore this Property

Ainslie Tower is a ten-story, thirty-unit elevator apartment building built in 2009. This mixed-use building boasts twenty-nine residential units, all of which are occupied lofts with 20 foot ceilings. Six apartments are affordable housing units. The building has one commercial unit, a newly vacant 9,500 square foot store with an elevator asking $28,000/month. The building also has cellar storage space and a loading dock. Three levels of parking (60 parking spots) that bring in monthly rental income. There is potential to add 6,985 more square feet of parking on the second floor roof. The building measures 77,664 total square feet and sits on a lot measuring 96.08' x 183.33'. The building currently brings in a gross annual income of $2,039,498.76 and a net annual income of $1,763,665.18. The legal gross annual rent for the residential units amounts to $1,318,460. When combined with the commercial income, the property has the potential to achieve a total gross income of $2,154,860.76 The building has a 421A exemption that lasts until July 2038. This is an excellent opportunity to earn steady rental income in prime Williamsburg. Actual cap rate: 6.53%
MLS# 11220624

Courtesy Of EVERGREEN REALTY & INVESTMENTS

(646) 838-1378

Property Features

  • Age
    11-20 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other

Map and Directions

Directions to 467 Keap Street, Brooklyn, NY 11211

Home seller CENTURY 21 Scope Realty

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(888) 919-2508
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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