Fully Occupied Six Family Building w/ Air Rights
186 Middleton Street
Williamsburg
Closed 5/9/2012 at
$950,000 | 230 per SF
6
Residential Units
4,125
Gross SF
3
Stories
Cross Streets
Union Avenue & Throop Avenue
Subways
j
m
Buses
B46, B48
B46, B48
✕
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Multifamily
186 Middleton Street,
Williamsburg
718-768-6888
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Details
Block
2242
Lot
17
Lot Size
25 ft x 100 ft
Building Size
25 ft x 55 ft
Building Class
C2
Zoning
C2-4/R6A
FAR
3.00
Buildable SF
7,500
Total Available Air Rights
3,375
Overview
The property at 186 Middleton Street is now offered for sale. The property is located on Middleton Street between Union Avenue and Throop Avenue in the Williamsburg neighborhood of Brooklyn.
The building consists of six fully occupied railroad style apartments and has a new boiler that runs on an oil #2 heating system. The actual income for the property is $7,135/month, with annual expenses at around $24,500, the net operating income is approximately $61,100/annual. The C2-4/R6A zoning allows for an additional 3,375 SF to be built.
