The multi-family property at 157 N 5th St, Brooklyn, with its 4,000 sqft and three units, is located in the vibrant Williamsburg neighborhood. With rent potential ranging from $11,498 to $20,385 monthly, this property can generate substantial revenue. The payback period hinges on the sale price, but with a robust rental market, it offers promising returns. Its historic charm, three-story structure, and prime location are key selling points. However, the age of the building may pose maintenance challenges.
To enhance rental appeal and value, consider modernizing interiors while retaining historical elements. Upgrading utilities and infrastructure can also attract higher-paying tenants. If selling, emphasize the property's location in Williamsburg, a neighborhood known for its cultural scene and growing demand. Highlighting recent market trends and potential revenue could attract savvy investors.