119 Berry St - Apartments FOR SALE


Brooklyn, NY 11249- Williamsburg
$1,800,000 USD
440-666-8115
119 Berry St, Brooklyn, NY for Sale
$1,800,000 USD
Apartments - FOR SALE
1/11
null | 5.7% Cap Rate

119 Berry St
Brooklyn, NY 11249
Williamsburg


HIGHLIGHTS

  • Prime Williamsburg Multifamily Building with 12 Units + Backhouse
  • Built 25’ x 45’ on G round Floor | 25' x 25' Backhouse | 5,250 SF
  • Significant Upside in Preferential | Building into 6.4% Return
  • Positioned next to world-class high-end fashion brands: Hermes, Chanel, Lululemon, Google, Nike
  • Tax Class 2B | $11,476 Annually

OVERVIEW

• PRIME WILLIAMSBURG RETAIL & RESIDENTIAL CORRIDOR Positioned along Berry Street in the heart of Williamsburg, one of Brooklyn’s most sought-after mixed-use corridors, benefiting from exceptional foot traffic, strong demographics, and sustained tenant demand. Surrounded by Global Luxury & Performance Retailers. Immediate proximity to Williamsburg’s premier high-fashion and lifestyle retail corridor, with Hermès, Chanel, Lululemon, Nike and Veja all located a block away, underscores its status as a world-class shopping destination. • ATTRACTIVE SCALE FOR BOUTIQUE INVESTMENT OR END USER Approximately 5,250 SF across 12 units, offering a manageable asset size well-suited for private investors, family offices, or owner- users seeking exposure to Williamsburg at a compelling basis. • SIGNIFICANT IN-PLACE AND PRO FORMA UPSIDE The property features substantial embedded upside through the roll-off of preferential rents and the ability to optimize in-place income. Pro forma projections demonstrate meaningful NOI growth through lease-up and rent reversion, driving cap rate expansion to approximately 6.4% and enhancing both long-term cash flow and exit optionality. • PROXIMITY TO WATERFRONT & MAJOR INFRASTRUCTURE INVESTMENT Steps from the Williamsburg waterfront and the Bushwick Inlet Park expansion, a transformative public investment that continues to elevate residential values and retail demand in North Brooklyn.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$343 USD /SF

# OF UNITS

12

PRICE/UNIT

$150,000

CAP RATE

5.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R6B

APN/PARCEL ID

02319-0002

ASK ABOUT THIS PROPERTY

Harrison RichMarcus & MillichapMore Info
440-666-8115

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Harrison RichMarcus & MillichapMore Info
440-666-8115

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.