428 Wythe Ave - Apartments FOR SALE


Brooklyn, NY 11249- Williamsburg
$40,000,000 USD
718-612-7334
428 Wythe Ave, Brooklyn, NY for Sale
$40,000,000 USD
Apartments - FOR SALE
1/12
null | 7.5% Cap Rate

428 Wythe Ave
Brooklyn, NY 11249
Williamsburg


HIGHLIGHTS

  • Recent New Construction
  • Tax Abatement
  • Low Expenses
  • Cash Flowing

OVERVIEW

Trophy mixed-use asset in the core of South Williamsburg 37 luxury units + 19,670 SF commercial, fully leased to high-quality tenants 421-a + ICAP exemptions delivering elite expense protection Strong in-place cap rate with material upside in market-rate units Premier corner visibility at Wythe Ave & South 6th Street Assumable mortgage enhances deal efficiency and returns

FOR SALE DETAILS

PRICE

$40,000,000 USD

PRICE/SF

$1,176 USD /SF

# OF UNITS

34

PRICE/UNIT

$1,176,471

CAP RATE

7.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

C4-3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

John LeVineEXRMore Info
718-612-7334

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John LeVineEXRMore Info
718-612-7334

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