175 Richardson Street Brooklyn, NY 11222
4 Beds
6 Baths
4,695 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,695 sqft
Price per Sqft $681
Subdivision Williamsburg
MLS Listing ID RLS20067923
Bedrooms 4
Full Baths 6
HOA Fees $1/mo
HOA Y/N Yes
Year Built 1960
Annual Tax Amount $8,592
Property Sub-Type Multi Family
Property Description
Welcome to 175 Richardson Street—a brand new construction, exceptional investment opportunity nestled in the heart of Williamsburg, Brooklyn. This boutique, multi-story gem is a perfect blend of stability, tenant appeal, and prime location, making it a standout addition to any portfolio.
Featuring two free-market residential rental units and one retail space, this fully occupied property delivers immediate, steady cash flow with potential for growth as leases renew. Above the commercial space are two stylish residential apartments: spacious bedrooms, a sunlit living room, a sleek chef's kitchen, and a roomy living area. Both units include private outdoor spaces, perfect for unwinding in the heart of the city. With low operating expenses, this property achieves a solid 6.6% cap rate based on projected 2026 rents at the current asking price.
Nestled in one of Brooklyn's hottest rental markets, 175 Richardson Street combines unbeatable lifestyle perks with solid investment appeal. Steps from McCarren Park, trendy shops, vibrant dining, and excellent transit, it guarantees convenience and consistent renter demand.
Perfect for a 1031 exchange or as a long-term income asset, this property offers both stability and growth potential. Seize the chance to own a piece of Williamsburg's thriving real estate market!
Location
State NY
County Kings
Interior
Interior Features High Ceilings, Recessed Lighting, Walk-In Closet(s)
Cooling Central Air, Other
Flooring Hardwood
Furnishings Unfurnished
Fireplace No
Appliance Dishwasher
Laundry In Unit, See Remarks
Exterior
Exterior Feature Balcony, Private Outdoor Space Over 60 Sqft
View Y/N Yes
View City
Porch Terrace, Balcony, Rooftop
Private Pool No
Building
Dwelling Type Multi Family
Story 2
New Construction No
Others
Tax ID 02725-0026
Ownership None
Monthly Total Fees $717
Pets Allowed Building No, No
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