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13 Building Portfolio | Brooklyn - Availability Details

92 S 4th St, Brooklyn, NY 11249

  • For Sale Contact for pricing
  • City Brooklyn
  • Neighborhood Williamsburg
  • Zip Code 11249
  • Market Brooklyn
  • Property Type Multi-Family
  • Property Size 33,900 Sqft
  • Units 40
  • Lot Size 0.05 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1899
  • Date Updated 11 May, 2021

Rosewood Realty Group is pleased to present a portfolio of walk-up apartment buildings in a few of Brooklyn’s most transformed neighborhoods, including Williamsburg, Bedford-Stuyvesant, Bushwick & Greenwood Heights.

The portfolio consists of 13 buildings totaling 40 apartments and 1 commercial unit, spanning 34,483 SF, with over 19,000 SF of air rights. The properties benefit from some operating efficiencies that include but are not limited to free market rents & favorable tax classes that result in very strong operating ratios. They are located in desirable Brooklyn residential neighborhoods that are in strong demand and as such command high rental rates. Further, there is a bundle of five buildings within the portfolio that are contiguous, allowing for managerial efficiencies.

The North Brooklyn market has been experiencing population growth in recent years as development has continued and the work & play lifestyle has taken a foothold. There has been a spike in deliveries of office space in the market in recent years with more in the pipeline, resulting in growth in rental demand from such workers. When such a trend is coupled with the already dominant characteristics that have led to the market’s prominence, the future trend remains positive

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Location

  • City Brooklyn, NY
  • Neighborhood Williamsburg
  • Zip Code 11249
  • Market Brooklyn

Contacts

broker

Chaya Milworn

Rosewood Realty Group

Contact Listing Broker

broker

Chaya Milworn

Rosewood Realty Group

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