97 N 7th St, Brooklyn, NY 11249

Marcus & Millichap is pleased to present 97 North 7th Street, a rare opportunity to acquire a 22.5-foot-wide, four-story brick townhouse positioned on one of the most coveted blocks in all of Brooklyn, delivered completely vacant in the heart of Northside, Williamsburg. Configured as a three-family property with one ground-floor commercial space and three stories of residential space totaling 3,774 SF, this boutique townhome offers extraordinary flexibility. The garden level is a legal commercial store on one of the most valuable retail stretches in Brooklyn surrounded by world class tenants. The Parlor Floor is a floor through 1 BR/Flex 2BR Apartment with backyard while the upper 2 floors are already legally duplexed into an immaculate owner's suite with potential to add a roof terrace. This property is ideal for an owner-user seeking to occupy a full-floor unit with lower level studio space or the upper floor luxury duplex while collecting rental income from the remaining units. There is also significant upside for a investor given the upside and surging demand for luxury rentals and townhouses in arguably the most dynamic market in the world. Moreover, the property contains significant additional air rights which can be used to add an additional floor or expand the Parlor and 2nd floor units. The free-market residential units are delivered vacant and can achieve $6,500/month immediately, while condo pricing in this pocket of Northside Williamsburg has surpassed $2,000 per square foot just around the corner, making the $4,495,000 asking price of $1,191/SF an exceptionally compelling basis in one of Brooklyn's most liquid and land-constrained markets. Adding further appeal, annual real estate taxes are just $6,423, representing only 3% of the effective pro forma gross income and providing a meaningful yield advantage relative to comparable Brooklyn assets. Situated steps from the intersection of North 7th Street and Wythe Avenue and two blocks from Bedford Avenue, residents enjoy immediate access to an unrivaled concentration of luxury retailers, including Hermès, Chanel, Lululemon, Patagonia, and Rolex; Michelin-starred dining at Lazer Wolf and Meadowsweet; marquee fitness concepts including Equinox and SoulCycle; and iconic hotel rooftops at The William Vale and The Hoxton, all while benefiting from seamless Manhattan connectivity via the N 6th Street NYC Ferry Landing, the L train at Bedford Avenue, and multiple bus lines, cementing Williamsburg's status as the most transit-rich and retail-dense neighborhood in all of Brooklyn. 97 North 7th Street represents a truly irreplaceable opportunity to own a boutique, income-producing townhouse asset at the epicenter of Brooklyn's most sought-after neighborhood.