This well-maintained, four-family building in Williamsburg is a fantastic opportunity to invest in Brooklyn's trendiest and most bustling borough. The building is 3,185 square feet and sits on a lot measuring 22.75' x 87.42. Of the four floor-through units, three are two-bedrooms and one is a three-bedroom. The ground floor unit comes with exclusive backyard access. The building is currently fully occupied and yields a cap rate of 5.5%. With 1,650 square feet of unused air rights, this is also a fantastic opportunity for redevelopment, which would more than double the property's NOI and yield a 11.2% cap rate. This is a rare opportunity to generate significant passive income in prime Williamsburg.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
