706-255-5657
319 Broadway, Brooklyn, NY for Sale
Apartments - FOR SALE
1/21
null | Request Cap Rate

319 Broadway
Brooklyn, NY 11211
Williamsburg


HIGHLIGHTS

  • Protected and Predictable Taxes through 421a and Protected Tax Class 2B
  • Strong In-Place Income with Clear Upside
  • Modern, Low-Maintenance Residences with condo-quality interiors and private balconies
  • Williamsburg Growth Corridor: Prime Broadway corridor in one of NYC’s fastest-appreciating neighborhoods, benefiting from continued residential and re
  • Exceptional Connectivity: Steps to the J/M/Z and close to the Williamsburg Bridge for rapid access to Manhattan and greater Brooklyn.

OVERVIEW

Compass has been retained on an exclusive basis to facilitate the sale of 319 Broadway and 415 Broadway, two mixed-use buildings located on Williamsburg’s prime Broadway corridor. 319 Broadway is a newly built 11-unit elevator property with 31 years remaining on its 421a tax abatement, while 415 Broadway is a gut-renovated 9-unit mixed-use property designated under protected tax class 2B, ensuring permanently reduced assessments. Together, the properties deliver one of the rarest advantages in New York City multifamily investment—decades of predictable, low real estate taxes—anchored in one of the fastest-appreciating neighborhoods in the city. The portfolio generates a current NOI of approximately $681K annually, with upside to nearly $790K through the natural lease turnover of below-market apartments and optimization of the commercial spaces. Featuring condo-quality finishes, private balconies, and efficient building systems, the assets are low-maintenance and well positioned to capture Williamsburg’s ongoing rent growth. Located steps from the J/M/Z subway and the Williamsburg Bridge, 319 and 415 Broadway present a rare opportunity to acquire tax-protected, mixed-use assets with stable in-place income and clear upside in one of Brooklyn’s strongest submarkets. For more information, showings, or to make an offer, please email nathan.horne@compass.com or call/text 706-255-5657.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

20

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

319 and 415 Broadway, Brooklyn, NY 11211

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2015

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,695 SF

ZONING

-

APN/PARCEL ID

02461-0020

ASK ABOUT THIS PROPERTY

Nathan HorneCompassMore Info
706-255-5657

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Nathan HorneCompassMore Info
706-255-5657

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