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175 Richardson Street
Coop in Williamsburg •  building info
4bd • 6ba • 4,695ft² $682 per ft²
List Price

$3,200,000

Key Details
Listed today
Last price change
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Estimated payment
$15,349/mo
Taxes
Included in maintenance fees
Maintenance
$1/mo
Description
Exclusive Investment Opportunity in Prime Williamsburg Welcome to 175 Richardson Streeta 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 chefs 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 Brooklyns 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 Williamsburgs thriving real estate market!

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Important Stuff
Washer/Dryer in unit
Unit features
Central Air
Dishwasher
Hardwood floors
Private outdoor space

Balcony, Roof Deck, Terrace

View

City, Skyline

Building amenities
Services and facilities
Laundry in Building
Shared outdoor space
Roof Deck
Building info

History
What it'll cost
Purchase price
$3,200,000
Asking Price: $3,200,000
Term
30 Years
Down Payment
$640,000 (20%)
Min: 20% (640,000)
Rate
6.0 %
Mortgage Amount
$2,560,000
Mortgage Payment
$15,348
Maintenance
$1
Estimated closing cost
$55,000
Total monthly cost $15,349
Listing Courtesy of Compass

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