$16,950,000 USD
914-584-7422
5-BUILDING MIXED-USE PORTFOLIO
Brooklyn, NY
Williamsburg
HIGHLIGHTS
- Short-Term Upside: Several units are rented below market, offering near-immediate 7-10% upside upon next lease renewal.
- Turn-Key Cashflow: Two of the buildings are recent ground-up construction (2016-2017) and three newly gut renovated.
- 80% Free Market: 26 of the 33 units are free market, with remaining 7 units subject rent stabilization due to a J-51 abatement.
- Path To 100% Free Market: Units at 228 Manhattan Ave stabilized under J-51 abatement can be destabilized upon expiration/turnover
- Tax Protected: All properties are tax class 2A or 2B, limiting real estate tax increases to a max of 8% per year and 30% over five years.
- Transit Oriented: All five are within 3-4 blocks of major subway lines with direct access throughout Manhattan, Brooklyn & Queens.
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
914-584-7422
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
914-584-7422
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
