Ainslie Tower is a ten-story, thirty-unit elevator apartment building built in 2009. This mixed-use building boasts twenty-nine residential units, all of which are occupied lofts with 20 foot ceilings. Six apartments are affordable housing units. The building has one commercial unit, a newly vacant 7,310 square foot store with an elevator asking $28,000/month. The building also has cellar storage space and a loading dock. Three levels of parking that bring in monthly rental income. There is potential to add 6,985 more square feet of parking on the second floor roof, boasting a total of 80 parking spots. The building measures 77,664 total square feet and sits on a lot measuring 96.08' x 183.33'. The building currently brings in a gross annual income of $2,003,137.56 and a net annual income of $1,727,303.98. It has the potential to gross $2,100,860.76. The building has a 421A exemption that lasts until July 2038. This is an excellent opportunity to earn steady rental income in prime Williamsburg. 6.5% Cap Rate.
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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