318 Humboldt Street

For Sale$2,600,000

318 Humboldt Street, Brooklyn, NY 11211

  • Multi-Family

318 Humboldt Street, Brooklyn, NY 11211 - Multi-Family Space

318 Humboldt Street is located at 318 Humboldt Street in the Williamsburg neighborhood, NY, Brooklyn, 11211. The Multi-Family building features a total of 5,000 Sqft.

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Details

  • Sale Price $2,600,000
  • City Brooklyn
  • Neighborhood Williamsburg
  • Zip Code 11211
  • Property Type Multi-Family
  • Property Size 5,000 Sqft
  • Lot Size 0.06 Acre
  • Date Updated 31 Jan, 2020

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Description

5,000 GSF 7-Unit Building in the heart of East Williamsburg. 318 Humboldt Street is a 7-unit, multifamily building located in the heart of East Williamsburg. The building has seven (7) apartments, four of which have been converted to free-market units, while three remain rent-stabilized. The apartments are a mix of railroad and two-bedroom units. The asset offers investors both a stable cash flow with significant remaining upside. The property is situated in an ideal location on Humboldt Street between Ainslie and Powers Streets. It is around the corner from the L train stop at Grand Street. Tenants have close access to neighboring establishments that are currently popular, such as, the Meat Hook, Fortunato Brothers, and Desy's Clam Bar.The building is also within walking distance of Morgantown, a small enclave gaining notoriety as a creative hub, with numerous new retail, office, and hotel projects in the works, as well as popular eateries and bars such as Roberta's, Ichiran, and Forrest Point. 318 Humboldt Street offers stable cash flow along with a great opportunity to add value to the rental income. As the surrounding neighborhoods continue to transform, the location offers tremendous growth potential.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 318 Humboldt Street?

318 Humboldt Street totals 5,000 square feet.

Williamsburg Demographics

The average household income in zip code 11211 is $110,045, from a total of 39,384 households. In terms of employment, there are 92.84 % white-collar and 7.16 % blue-collar jobs in zip code 11211.

Population

  • Total Population150,810
  • Male Population(49.5 %) 74,724
  • Female Population(50.5 %) 76,086
  • Median Age30.30

Income/Financial

  • Average Household Income$91,311
  • Median Household Income$51,413
  • Median Income Under 25$53,618
  • Median Income 25-44$68,275
  • Median Income 45-64$45,823
  • Median Income Over 65$18,705

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