213 Johnson AveBrooklyn, NY 11206

Property Details for 213 Johnson Ave

Year built

2001

Lot size

0.05 AC

Property size (Sq ft)

4,500 SF

Zone code

R6

Property type

Investment properties

Property subtype

Live-work space

APN

03063-0033

APU

30630033

Description

This exceptional three-story mixed-use building in Williamsburg, Brooklyn offers a compelling investment opportunity. The property boasts 4,500 square feet of space, encompassing four 1-bedroom/1-bathroom residential units and a first-floor commercial space currently operating as a counseling office. Each residential unit features hardwood floors, and the potential exists to convert them into two-bedroom units, increasing rental income. The commercial space includes a reception area, a main office, and five additional private offices, along with 1,000 square feet of basement storage and backyard access. The building's mechanical systems are well-maintained, with electrical and plumbing updated in 2002, two gas heating boilers installed in 2002, and recently replaced water heaters. A 24/7 surveillance system and a six-year-old roof (resurfaced this year) enhance security and peace of mind. The building is constructed of brick with vinyl siding, and features six gas and electric meters. Situated on a 2,383 square foot lot (23.83 x 100 ft), the building itself measures 23.83 x 60 ft. The R6 zoning allows for a maximum FAR of 2.43 (current FAR is 1.89). The property enjoys 100% occupancy and is conveniently located near the L, J, M, and G subway lines. This versatile property presents a rare chance to capitalize on both residential and commercial rental markets in a thriving Brooklyn neighborhood. All information is deemed reliable but should be independently verified.

• CAP approach

  CAP return

  Valuation

  6%

  $743,984

  6.5%

  $686,755

  7%

  $637,701

• Comparable approach

  Method

  Valuation

  Relative Method

  $587,970

  Geo Method

  $587,970

• Alternative Use

  Use

  Valuation

  Residential

  $851,576

  Hospitality

  $780,039

  Educational

  $648,983

  Medical

  $671,303

  Retail

  $1,009,530

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.707

Longitude

-73.9412

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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