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Sasha Vasquez
  • Sales Agent
Douglas Elliman
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Sasha Vasquez
Douglas Elliman
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    BrooklynBensonhurst1516 West 5th Street

    1516 West 5th Street
    Bensonhurst, Brooklyn, NY 11204

    $1,399,999
    For Sale
     Get directions
     
    Tools
    Open House
    Size
    17
    Bedrooms
    10
    Full Baths
    6,560 Sq Ft.
    Interior
    .05 Acres
    Exterior
    Financial
    $1,399,999
    Change Currency
    $2,783
    Monthly taxes
    $33,397
    Annual taxes
    Details
    Single Family Home
    Property Type
    7368033
    Web Id
    290
    Days Posted

    Description

    1516 West 5th Street, Bensonhurst, Brooklyn, NY 11204

    A stunning 8-unit apartment building offering an exceptional opportunity for savvy investors or owner occupied . This well-maintained, semi-detached, four-story brick property boasts 6,560 sq. ft. of living space, featuring seven spacious 2-bedroom apartments, one charming 1-bedroom apartment, and a versatile 3-room storage facility. Fully occupied, this property generates an impressive $160,000 in annual rental income, making it a stable and high-performing asset. Located just minutes away from the "N" Subway line and the bustling Bay Parkway shopping district, this property offers unbeatable convenience and consistently high tenant demand. Recent upgrades include modernized electrical systems, two new hot water heaters, fully renovated kitchens and bathrooms, new flooring, updated toilets in every unit, and refreshed common areas, ensuring a low-maintenance and hassle-free investment. With its prime location, steady income, and significant upside potential, this property is a perfect choice for investors looking to expand their portfolio or those seeking a 1031 exchange. The flexibility of owner financing and a solid 6.5% cap rate make this a truly rare and compelling investment. Dont let this opportunity pass you by. Contact us today to schedule your private showing and secure this exceptional property!

    This is an Active listing.

    Broker Office Phone Number: 718-612-3088

    Copyright © 2025Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Amenities

    • Steam Heat
    Price History View all +
    Date PriceVarianceType
    4/25/2025$1,399,999-15.15%decreased
    10/20/2023$1,650,000-Listed
    10/18/2023$1,788,000-off market
    10/17/2023$1,788,000-off market
    10/16/2023$1,788,000-off market
    10/15/2023$1,788,000-off market
    10/14/2023$1,788,000-off market
    10/13/2023$1,788,000-off market
    10/12/2023$1,788,000-off market
    10/10/2023$1,788,000-off market
    10/9/2023$1,788,000-off market
    10/8/2023$1,788,000-off market
    9/21/2023$1,788,000-off market
    9/19/2023$1,788,000-off market
    7/23/2023$1,788,000-5.30%decreased
    5/11/2023$1,888,000-Listed
    Listing By: Remax Edge via Data Source: Brooklyn New York Multiple Listing Service


    Located at 1516 West 5th Street, Brooklyn, New York 11204, Bensonhurst neighborhood, this Single Family Home is for Sale with a price of $1,399,999 USD. The property includes 17 bedrooms, has 10 full baths. This listing has 6,560 Sq.Ft. of interior space on a lot of .05 Acres. See all Homes for Sale in Bensonhurst.
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    Remax Edge

    Listing by: Keller Williams Realty Staten
    Contact Agent
    Staging Information:
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