94 Harrison Pl - Apartments FOR SALE


Brooklyn, NY 11237- East Williamsburg
$1,300,000 USD
212-381-6057
94 Harrison Pl, Brooklyn, NY for Sale
$1,300,000 USD
Apartments - FOR SALE
1/1
null | 7.19% Cap Rate

94 Harrison Pl
Brooklyn, NY 11237
East Williamsburg


OVERVIEW

Matheos Realty Group has been retained to exclusively represent ownership in the sale of 94 Harrison Place, a three-story multifamily building with 6 residential units in the East Williamsburg neighborhood of Brooklyn. Located between Porter Ave & Knickerbocker, this 5,175 SF building sits on a 2,500 SF lot with M1-1 zoning. The property has 4 of 6 units leased and generates $135,268 in projected gross income and of approx. $93,724 in net operating income. Williamsburg, situated in northwestern Brooklyn, has a rich industrial heritage and contemporary culture that can be characterized by a mix of residential and industrial zones. Since the 1990s, Williamsburg has seen a gradual shift away from heavy manufacturing to a hub for artists and creative industries, contributing to the unique character of the neighborhood by providing a blend of live-work spaces. Italian and Puerto Rican immigrants make up a large portion of the neighborhood. The property has easy access to the L trains, along with several bus routes, allowing for quick transportation into Manhattan.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$251 USD /SF

# OF UNITS

6

PRICE/UNIT

$216,667

CAP RATE

7.19%

% LEASED

60%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,500 SF

ZONING

M1-1

APN/PARCEL ID

03004-0019

ASK ABOUT THIS PROPERTY

Peter MatheosMatheos RealtyMore Info
212-381-6057

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Peter MatheosMatheos RealtyMore Info
212-381-6057

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