Description
This rare, value-added opportunity is ideally located in one of the most vibrant and fast-growing sections of Brooklyn, on the border of Williamsburg and Greenpoint. It's within walking distance to both the L and G trains, and located only 1 block from beautiful McGolrick Park. Each unit is individually metered so tenants pay for their own utility usage, and there is a separate water meter for the commercial space. This property represents a tremendous repositioning opportunity, especially with current commercial rent comps at nearly four dollars per foot. This is a quality asset, ready for new generational ownership, and presents a realistic 7.5% Pro Forma Cap Rate.
Metrics:
-4 residential units
-2,500 SF of corner Commercial/retail with full basement that has 9 ft ceilings
-All units individually metered for utilities.
-Protected tax class 2A
-Nearby Trains: L & G
Building Features 3 Floors4 Units
Unit Features
$3,200,000 / $556 per ft²
Sold: Jun 29, 2022
-8.55% from ask / 428 Days to Sell
6 Beds / 6 Baths - / 5,749 ft²
Total Monthly expenses: $1,683
Maintenance: - / R.E. Taxes $1,683
Other Details:
Mixed Use (1-6 Family)
Lot Size: 25.0' x 100.0' Built: 25.0' x 65.0'
Zoning: S1-5, S9
Exclusively listed with: Compass
Jeff Valcourt
jeff.valcourt@compass.com
(978) 265-5633
Unit listing history
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