SoldJan 15, 2026

Listed and Bought with Joe Zhu

Source: Brooklyn Board of REALTORS® #487512

1516 W 5th St, New York, NY, 11204

$1,300,000

17
10
6560 sq. ft.
2000 sq. ft.

MultiFam

30+ days on the market

Sold: Jan 15, 2026

What's around 1516 W 5th St

About this property

A stunning 8-unit apartment building offering an exceptional opportunity for savvy investors . 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. Don’t let this opportunity pass you by. Contact us today to schedule your private showing and secure this exceptional property!

Looking for more information on 1516 W 5th St?

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Buyer's review

4 months ago

Joe is very good at his job

Joe is very good at his job. Helps us with a thru z and make sure the deal gets done correctly with no issues. We just purchased a 8 unit building and he made sure everything was done properly really appreciate u Joe !

J
Jannat Apartments Llc
Buyer

Seller reviews

4 months ago

Working with Joe was the best decision for my home sale

Working with Joe was the best decision for my home sale. He provided excellent advice that led to multiple offers within days. Joe is very professional and responsive. Highly recommended! 👍👍👍

M
Michelle Ng
Seller
4 months ago

Joe is the best! He is absolutely professional, knowledgable, and incredibly responsive

Joe is the best! He is absolutely professional, knowledgable, and incredibly responsive. He ensured everything stayed on track and made the entire process very smooth. I highly recommend Joe to anyone looking for reliable agent who truly care about his clients.

Y
Yinhua2288
Seller

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