Contacts
Tzipporah Wexler
Grand Success Realty
(212) 353-9375
Daniel Barcelowsky
Evergreen Realty & Investments
(646) 373-7944
Property Details
- Property Type Mixed Use
- Property Size 77,664 SF
- Units 30
- Lot Size 0.39 Acre
- # of Floors 10
- Property Tenancy Multi-Tenant
- Year Built 2009
- Date Updated May 10, 2024
- Website evergreenrealtyandinvestments.com
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 7,310 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 $2,003,137.56 and a net annual income of $1,727,303.98. 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 $2,106,860.76.
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: 6.64%
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Highlights
- 25-YEAR 421A TAX ABATEMENT
- 100% OCCUPIED
- 30 UNITS IN PRIME WILLIAMSBURG
- 60 PARKING SPOTS
Getting around
-
98/100
Walk Score ®
-
100/100
Transit Score ®
-
91/100
Bike Score ®
Location
- City Brooklyn, NY
- Neighborhood Williamsburg
- Zip Code 11211
- Market Brooklyn
Points of Interest
-
Metropolitan Avenue
0.06 miles
-
Lorimer Street
0.14 miles
-
Bedford Avenue
0.38 miles
-
Bedford Av Subway Station L line
0.42 miles
-
Marcy Avenue
0.43 miles
-
Hewes Street
0.43 miles
-
Graham Avenue
0.44 miles
-
Broadway
0.50 miles
-
Grand Street
0.63 miles
-
Lorimer Street
0.70 miles
-
BP
0.58 miles
-
Tesla Supercharger
0.64 miles
-
Sunoco
0.67 miles
-
ChargePoint
0.89 miles
-
BP
1.00 miles
-
BP
1.00 miles
-
BP
1.00 miles
-
Citgo
1.01 miles
-
Gulf
1.08 miles
-
BP
1.12 miles
-
NYPD Brooklyn Tow Pound
1.65 miles
-
Sunny
1.75 miles
-
FDNY Fleet Services
1.84 miles
-
MMP Parking LLC
1.86 miles
-
Village View Parking Area 3
1.88 miles
-
Park Kwik
1.89 miles
-
Skyport
1.90 miles
-
Delancey & Essex Municipal Garage
1.92 miles
-
MPG
1.96 miles
-
Waterside Plaza Parking
2.04 miles
-
Hotel Indigo
0.03 miles
-
The Pod
0.36 miles
-
McCarren Hotel & Pool
0.56 miles
-
Hoxton
0.63 miles
-
The Williamsburg Hotel
0.67 miles
-
Wythe Hotel
0.67 miles
-
The William Vale
0.68 miles
-
New York Moore Hostel
0.98 miles
-
The Henry Norman Hotel
1.12 miles
-
New York Loft Hostel
1.16 miles
-
Sunac Natural Foods
0.07 miles
-
Wize Organic Market
0.19 miles
-
Key Foods
0.24 miles
-
C-Town
0.26 miles
-
Associated Supermarket
0.33 miles
-
Foodtown
0.39 miles
-
Mr. Pina
0.43 miles
-
Whole Foods Market
0.43 miles
-
Midoriya
0.44 miles
-
C-Town
0.45 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
