266 Berry Street is located between South 1st Street and South 2nd Street in Williamsburg. The property is in a shell condition giving any buyer a blank canvas. Each floor is approximately 900 SF with high ceilings and exposed brick. Bring your own architect and create your dream home as a single family residence, set up as owner duplex with 2 apartments to receive rental income or use it as 4 units investment property. Possibilities are endless. PROPERTY OVERVIEW Property sq. ft. 3,600 sq. ft. plus basement Lot Size 20 ft. x 75 ft. Building size 20.58 x 45 Zoning R6 Expenses: Property Taxes $2,953 Water $4,000 Insurance $6,000 Heat Paid by the tenants Electricity Hallway $1,200 Total annual expenses $14,153 Pro-forma income: Garden apartment plus basement $5,500 2nd floor $5,500 3rd floor $5,500 4th floor $5,500 Total monthly $22,000 Annual Total $264,000 NOI $249,847
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