THE HOME: 133 North 8th Street is a unique brick-and-mortar home located just steps off of the Bedford L train in the heart of Williamsburg. The red brick home offers 4 units. Floors 2 through 4 are set up as oversized 1.5 bedroom loft-style apartments, 1,000sq.ft. each. Unit 1 is a duplex and is leased as a 3 bedroom, 2 bathroom apartment with garden. The potential monthly rental income, with some minor updates, is $17,100, conservatively. With no more than $150k in updates, any investor should be satisfied with an estimated 5.6% capitalization rate. As a single family home, this house is a dream for an owner since similar sized condos do not exist in the neighborhood. For additional information, details, and showing instructions, please refer to 133N8Street.com.-----------------------------------------------------------------------------------------------THE NEIGHBORHOOD: This homes location is second to none. Occupants can reach the Bedford L train by foot in under 2 minutes and have access to some of Brooklyns best restaurants, boutique shops, galleries, and events. McCarren Park and the East River Park and Ferry are only a few blocks away, where local residents enjoy a weekly farmers market, the Smorgasburg, Brooklyn Flea, and more. Soon to come: Whole Foods on Bedford Ave, J. Crew on Wythe, Starbucks on N. 7th, and possibly the Apple Store on Bedford Ave.
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.
