Located in the vibrant neighborhood of Bensonhurst, this striking eight-unit apartment building presents a remarkable investment opportunity

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Bensonhurst

1516 W 5th St, Brooklyn, NY 11204

Located in the vibrant neighborhood of Bensonhurst, this striking eight-unit apartment building presents a remarkable investment opportunity. The semi-detached, four-story brick structure encompasses 6,560 square feet of well-maintained living space. The property features a diverse mix of spacious apartments, including seven two-bedroom units and one one-bedroom unit, complemented by a versatile three-room storage facility. Fully occupied, it boasts a robust annual rental income of $160,000, underscoring its status as a reliable asset. Convenience is paramount, with the "N" Subway line and the lively Bay Parkway shopping district just minutes away, contributing to consistent tenant demand. Recent enhancements, such as modern electrical systems and fully renovated kitchens and bathrooms, ensure a low-maintenance investment. The refreshed common areas and upgraded amenities provide an inviting atmosphere for residents, further enhancing the property's appeal. With its strategic location and solid income potential, this building is a prime candidate for discerning investors seeking to expand their portfolio.

Total Units: 1

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Building type: Semi-Detached

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Bensonhurst

1516 W 5th St, Brooklyn, NY 11204

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