176 Meserole St - Apartments FOR SALE


Brooklyn, NY 11206
$4,300,000 USD
646-630-8511
176 Meserole St, Brooklyn, NY for Sale
$4,300,000 USD
Apartments - FOR SALE
1/7
null | 6.12% Cap Rate

176 Meserole St
Brooklyn, NY 11206


HIGHLIGHTS

  • 25’ x 45’ Brick 8-Unit Building on a 25’ x 100’ Lot | ±4,500 SF Above Grade
  • ±1,000 SF of Unused Air Rights | Zoned R6 | Potential for Expansion or Substantial Rehabilitation
  • 2 Rent-Stabilized Units Delivered Vacant | 6 Free Market Units with Rental Upside
  • Turn-Key, Cash-Flowing Asset | Favorable 2B Tax Class for Long-Term Stability
  • Finished Basement, Renovated Units with Modern Kitchens, Stainless Steel Appliances, and Hardwood Floors
  • Prime Williamsburg Location | Steps from the Montrose Avenue L Train and Cooper Park

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$956 USD /SF

# OF UNITS

8

PRICE/UNIT

$537,500

CAP RATE

6.12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

176 Meserole Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R6

APN/PARCEL ID

03053-0014

ASK ABOUT THIS PROPERTY

Edan CohenMatrix Property GroupMore Info
646-630-8511

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Edan CohenMatrix Property GroupMore Info
646-630-8511

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