122 Boerum Street is a well maintained, 8-unit multifamily building with 10 years remaining on the tax abatement. It is set on a 25x100 lot with R6 zoning. This four story building features 8 spacious one bedroom / one bathroom apartments, including some with private outdoor space. It is currently 100% occupied. Easy commute to Manhattan via the J, M, G, and L train lines, all within a short walking distance. Ideally located near amazing restaurants, bars, coffee shops, vintage stores that characterize Williamsburg. Net operating income for 2022 is projected to be ~$190,000, 6.14% CAP rate. NOI for 2023 is projected to be ~$209,000 (6.74% CAP) Please email for more details and building setup.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
