Ainslie Tower is a ten-story, thirty-unit elevator apartment building built in 2009. The building consists of twenty-nine residential units, all of which are occupied lofts with 20 foot ceilings, and six of which are affordable housing units. The building has one commercial unit, a newly vacant 7,310 square foot store with an elevator asking $40,000/month, cellar storage and loading, and three levels of parking totaling 22,042 square feet 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 $2,026,903 and a net annual income of $1,751,070. The building has a 421A exemption that lasts until July 2038. This is an excellent opportunity to earn steady rental income in prime Williamsburg.
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.
