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Multifamily

518 Meeker Avenue

518 Meeker Ave, Brooklyn, NY 11222

Listing Price: $3,850,000

Cap Rate
5.40%
Number of Units
10
GRM
11.22
Price/Unit
$385,000
Price/Gross SF
$397.65
Gross SF
9,682

Investment Overview

Marcus & Millichap is pleased to offer 518 Meeker Avenue. With approximately 9,682 Above Grade SF, 518 Meeker Avenue provides investors with a new construction asset developed in 2005 with minimal capex and some value-add potential - whether through turnover/lease-up, adding amenities or condo repositioning. Available on an "as-is" basis, 518 Meeker Avenue is asking an attractive new construction basis, although 100% RS through 2033 due to a settlement with HPD.

Investment Highlights

  • 518 Meeker Avenue is a 10-Unit Elevator Building Spanning 9,682 Gross SF on a 50' x 63' Lot.
  • High-End Finishes and Appliances |100% Rent Stablized through 2033 | 2005 New Construction
  • Prime Williamsburg/Greenpoint Location with Access to Graham Avenue L-Train and Nassau Avenue G-Train.

Exclusively Listed By

Financing By

Multifamily

518 Meeker Avenue

Listing Price: $3,850,000

Cap Rate
5.40%
Number of Units
10
GRM
11.22
Price/Unit
$385,000
Price/Gross SF
$397.65
Gross SF
9,682

Investment Highlights

  • 518 Meeker Avenue is a 10-Unit Elevator Building Spanning 9,682 Gross SF on a 50' x 63' Lot.
  • High-End Finishes and Appliances |100% Rent Stablized through 2033 | 2005 New Construction
  • Prime Williamsburg/Greenpoint Location with Access to Graham Avenue L-Train and Nassau Avenue G-Train.

Investment Overview

Marcus & Millichap is pleased to offer 518 Meeker Avenue. With approximately 9,682 Above Grade SF, 518 Meeker Avenue provides investors with a new construction asset developed in 2005 with minimal capex and some value-add potential - whether through turnover/lease-up, adding amenities or condo repositioning. Available on an "as-is" basis, 518 Meeker Avenue is asking an attractive new construction basis, although 100% RS through 2033 due to a settlement with HPD.

Exclusively Listed By

Financing By

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