328 Berry St - Apartments FOR SALE


Brooklyn, NY 11249- Williamsburg
$3,295,000 USD
718-475-4382
328 Berry St, Brooklyn, NY for Sale
$3,295,000 USD
Apartments - FOR SALE
1/13
null | 6.2% Cap Rate

328 Berry St
Brooklyn, NY 11249
Williamsburg


OVERVIEW

Brick Boutique 20 Footer — Classic 20-foot-wide brick building rising three stories over a garden level, configured as a four-family totaling approximately 2,800 SF and delivered completely vacant. Premier Southside Williamsburg Location — Just three blocks from the East River and minutes from the famous Domino Park, with the J/M/Z at Marcy Avenue, the L at Bedford Avenue, and NYC Ferry service along the Williamsburg waterfront. The Williamsburg Bridge puts the Lower East Side within minutes, while Bedford Avenue's retail and dining corridor, Whole Foods, Equinox, Apple, Aska, Peter Luger, sits just to the north of the asset. Live + Income Potential — Rare owner-user opportunity with income upside. With all four units vacant at closing, an owner can occupy the garden unit and its private backyard or combine it with the parlor floor for an owner's duplex, while the remaining apartments generate rent. Surrounded by Luxury Residences — 328 Berry Street sits on one of Brooklyn's most coveted blocks, surrounded by the Southside's transformation, including the Domino Sugar Refinery, One South First, 325 Kent, and six acres of waterfront parkland. Thousands of new luxury units have pushed rents and values higher, while low-rise product remains scarce. Just two blocks away, townhomes at 274 Berry Street are achieving nearly $2,000/SF on sellout. Exceptionally Low Tax Bill — Annual real estate taxes of just $6,595, or roughly $1,650 per unit, under a Tax Class 2A designation that keeps assessment growth capped and predictable.

FOR SALE DETAILS

PRICE

$3,295,000 USD

PRICE/SF

$1,002 USD /SF

# OF UNITS

4

PRICE/UNIT

$823,750

CAP RATE

6.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Free Market Vacant 4 Unit Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,287 SF

ZONING

M1-2, R6

APN/PARCEL ID

02442-0022

ASK ABOUT THIS PROPERTY

Shaun RineyMarcus & MillichapMore Info
718-475-4382

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Shaun RineyMarcus & MillichapMore Info
718-475-4382

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