Closed 5/9/2012

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

Buses
B46, B48

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Multifamily 186 Middleton Street, Williamsburg

Ofer Cohen

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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.

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Williamsburg