146 N 7th St - Apartments FOR SALE


Brooklyn, NY 11249- Williamsburg
$4,500,000 USD
917-818-4471
146 N 7th St, Brooklyn, NY for Sale
$4,500,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

146 N 7th St
Brooklyn, NY 11249
Williamsburg


OVERVIEW

**Prime Williamsburg Re-Development Opportunity** **146 and 148 North 7th Street, Brooklyn -- Assemblage Opportunity** Just off the Corner of Bedford Avenue & North 7th — The Epicenter of Brooklyn Cool Introducing this rare and irreplaceable opportunity just off the corner at North 7th Street and Bedford Avenue — arguably the most desirable intersection in all of Brooklyn. Located just steps from the Bedford L train, and surrounded by global flagship retail and the vibrant pulse of Williamsburg’s cultural and commercial scene, this is a cornerstone asset with transformational upside. 146 - 148 North 7th Street-- two properties--represents a once-in-a-generation opportunity to control a landmark corner in the heart of Williamsburg’s most active commercial and cultural corridor. **Asking price $4.5mm per lot, $9mm total** **Zoning Goldmine — Now Rezoned R6A / C2-4** Freshly approved rezoning from R6B to R6A with C2-4 overlay unlocks powerful as-of-right development options: **Each property is 19x100, for a Total 38x100 lot size** **Residential FAR: 3.0 as-of-right | 3.9 with MIH (Mandatory Inclusionary Housing)** **Commercial: 100% lot coverage allowed on the ground floor** **No parking requirement (City of Yes) **Tremendous tax advantages via ICAP and 485-X programs** Use the existing **brick structure under tax class protection** to your advantage — develop as an alteration project (not new construction), saving time and costs while maximizing buildable area and long-term value. While the structures are existing, both properties benefit from the **same R6A / C2-4 rezoning**, offering a unique chance to assemble a **38-foot-wide development site** with substantial frontage and flexible repositioning options. --- Full zoning documents, rent rolls, and assemblage feasibility available upon request. ----- **Asking price $4.5mm per lot, $9mm total** **146 North 7th Street** This three-family brick building measures 19’ x 50’ over three floors, situated on a 19’ x 100’ lot, — a clean slate for investors, developers, or owner-users. **148 North 7th Street** *situated on a 19’ x 100’ lot * A single-story commercial building, previously Artichoke Pizza and Afternoon Brooklyn * A rear three-family residential building --- Elite Retail and Condo Potential Set amid global retail giants like Chanel, Louis Vuitton, and Apple, this location commands top-of-market retail rents and premium condo pricing. Whether your strategy is flagship leasing, high-end residential sales, or a blended product — the fundamentals are bulletproof.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$1,579 USD /SF

# OF UNITS

3

PRICE/UNIT

$1,500,000

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

R6A / C2-4

APN/PARCEL ID

02327-0015

ASK ABOUT THIS PROPERTY

David ShapiroGrand & CoMore Info
917-818-4471

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David ShapiroGrand & CoMore Info
917-818-4471

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