120 Wythe Ave - Apartments FOR SALE
Brooklyn, NY 11249 |
$4,500,000 USD
917-656-5405
120 Wythe Ave
Brooklyn, NY 11249
HIGHLIGHTS
- Three-story brick building with a full basement, offering 3,218 net rentable square feet across five units in the heart of Williamsburg, Brooklyn.
- Asset is being delivered vacant, offering a significant upside through lease-up of the recently updated units.
- With a dense population of over 3 million within 5 miles and over 75% renter-occupied, there is a strong and sustained demand for rental units.
- Situated steps from Bushwick Inlet Park, The East River, and McCarren Park, the property is surrounded by notable dining options and hotels.
- Population has a median household income of over $91,000 and contributes to more than $1.1 billion in housing costs, with rents growing by 2.0%.
OVERVIEW
Location, location, location...it doesn't get any better than this! 120 Wythe Avenue with 70 feet of frontage on Wythe Avenue in the heart of Williamsburg, Brooklyn steps from Bushwick Inlet Park and The East River and a short walk to McCarren Park. Surrounded by dining and hotels: The Hoxton, The Arlo Williamsburg, The William Vale and The Wythe Hotel. Transportation: MTA Subway (L), MTA Bus (B32), North Williamsburg Ferry Terminal and Citi Bike stations. Vacant, no rent control, no rent stabilization.
FOR SALE DETAILS
PRICE
$4,500,000 USD
PRICE/SF
$1,398 USD /SF
# OF UNITS
4
PRICE/UNIT
$1,125,000
CAP RATE
Request Cap Rate
% LEASED
0%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1910
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.03 AC
LAND SF
1,365 SF
ZONING
M1-2
APN/PARCEL ID
02302-0028
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917-656-5405
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917-656-5405
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