Matrix Property Group is pleased to exclusively offer for sale 176 Meserole Street, an 8-unit, 4-story walk-up apartment building located between Humboldt Avenue and Graham Avenue in Williamsburg, Brooklyn — one of Brooklyn’s most desirable areas.
Offered for the first time in nearly 40 years, this meticulously maintained, turnkey, cash-flowing asset generates strong in-place income and presents value-add potential in the below-market units and a renovation strategy. The property benefits from a favorable 2B tax class, capping annual tax increases and ensuring long-term financial stability.
The building spans 4,500 square feet and consists of 8 one-bedroom units, including 6 free-market units and 2 rent-stabilized units, both delivered vacant. Amenities include a common roof deck, free wi-fi, and laundry facilities in the basement at no extra charge. Recent renovations throughout the apartments feature updated kitchens and bathrooms, stainless steel appliances, upgraded fixtures, hardwood floors, video intercom system with fob access, and a newly renovated building entryway.
The property sits on a 25' x 100' lot with 25' x 45' building dimensions and is zoned R6, offering ±1,000 square feet of unused air rights. There is potential to extend the building’s rear and reconfigure the existing units through a substantial renovation strategy, increasing rentable square footage, with the possibility of de-regulation, subject to independent review.
176 Meserole Street is ideally located just a short walk from the L train station, providing easy access to Manhattan and other parts of Brooklyn. The property is also near popular destinations like Cooper Park, McCarren Park, and a vibrant selection of restaurants, bars, and nightlife, making it highly attractive to renters seeking.
Please contact Edan Cohen at Matrix Property Group for additional information.