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EXECUTIVE SUMMARY
**Prime Williamsburg Re-Development Opportunity**
**146 and 148 North 7th Street, Brooklyn -- Assemblage Opportunity**
Just off the Corner of Bedford Avenue & North 7th — The Epicenter of Brooklyn Cool
Introducing this rare and irreplaceable opportunity just off the corner at North 7th Street and Bedford Avenue — arguably the most desirable intersection in all of Brooklyn. Located just steps from the Bedford L train, and surrounded by global flagship retail and the vibrant pulse of Williamsburg’s cultural and commercial scene, this is a cornerstone asset with transformational upside.
146 - 148 North 7th Street-- two properties--represents a once-in-a-generation opportunity to control a landmark corner in the heart of Williamsburg’s most active commercial and cultural corridor.
**Asking price $4.5mm per lot, $9mm total**
**Zoning Goldmine — Now Rezoned R6A / C2-4**
Freshly approved rezoning from R6B to R6A with C2-4 overlay unlocks powerful as-of-right development options:
**Each property is 19x100, for a Total 38x100 lot size**
**Residential FAR: 3.0 as-of-right | 3.9 with MIH (Mandatory Inclusionary Housing)**
**Commercial: 100% lot coverage allowed on the ground floor**
**No parking requirement (City of Yes)
**Tremendous tax advantages via ICAP and 485-X programs**
Use the existing **brick structure under tax class protection** to your advantage — develop as an alteration project (not new construction), saving time and costs while maximizing buildable area and long-term value.
While the structures are existing, both properties benefit from the **same R6A / C2-4 rezoning**, offering a unique chance to assemble a **38-foot-wide development site** with substantial frontage and flexible repositioning options.
---
Full zoning documents, rent rolls, and assemblage feasibility available upon request.
-----
**Asking price $4.5mm per lot, $9mm total**
**146 North 7th Street**
This three-family brick building measures 19’ x 50’ over three floors, situated on a 19’ x 100’ lot, — a clean slate for investors, developers, or owner-users.
**148 North 7th Street**
*situated on a 19’ x 100’ lot
* A single-story commercial building, previously Artichoke Pizza and Afternoon Brooklyn
* A rear three-family residential building
---
Elite Retail and Condo Potential
Set amid global retail giants like Chanel, Louis Vuitton, and Apple, this location commands top-of-market retail rents and premium condo pricing. Whether your strategy is flagship leasing, high-end residential sales, or a blended product — the fundamentals are bulletproof.
**146 and 148 North 7th Street, Brooklyn -- Assemblage Opportunity**
Just off the Corner of Bedford Avenue & North 7th — The Epicenter of Brooklyn Cool
Introducing this rare and irreplaceable opportunity just off the corner at North 7th Street and Bedford Avenue — arguably the most desirable intersection in all of Brooklyn. Located just steps from the Bedford L train, and surrounded by global flagship retail and the vibrant pulse of Williamsburg’s cultural and commercial scene, this is a cornerstone asset with transformational upside.
146 - 148 North 7th Street-- two properties--represents a once-in-a-generation opportunity to control a landmark corner in the heart of Williamsburg’s most active commercial and cultural corridor.
**Asking price $4.5mm per lot, $9mm total**
**Zoning Goldmine — Now Rezoned R6A / C2-4**
Freshly approved rezoning from R6B to R6A with C2-4 overlay unlocks powerful as-of-right development options:
**Each property is 19x100, for a Total 38x100 lot size**
**Residential FAR: 3.0 as-of-right | 3.9 with MIH (Mandatory Inclusionary Housing)**
**Commercial: 100% lot coverage allowed on the ground floor**
**No parking requirement (City of Yes)
**Tremendous tax advantages via ICAP and 485-X programs**
Use the existing **brick structure under tax class protection** to your advantage — develop as an alteration project (not new construction), saving time and costs while maximizing buildable area and long-term value.
While the structures are existing, both properties benefit from the **same R6A / C2-4 rezoning**, offering a unique chance to assemble a **38-foot-wide development site** with substantial frontage and flexible repositioning options.
---
Full zoning documents, rent rolls, and assemblage feasibility available upon request.
-----
**Asking price $4.5mm per lot, $9mm total**
**146 North 7th Street**
This three-family brick building measures 19’ x 50’ over three floors, situated on a 19’ x 100’ lot, — a clean slate for investors, developers, or owner-users.
**148 North 7th Street**
*situated on a 19’ x 100’ lot
* A single-story commercial building, previously Artichoke Pizza and Afternoon Brooklyn
* A rear three-family residential building
---
Elite Retail and Condo Potential
Set amid global retail giants like Chanel, Louis Vuitton, and Apple, this location commands top-of-market retail rents and premium condo pricing. Whether your strategy is flagship leasing, high-end residential sales, or a blended product — the fundamentals are bulletproof.
PROPERTY FACTS
| Price | $4,500,000 | Building Class | C |
| Price Per Unit | $1,500,000 | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 2,850 SF |
| No. Units | 3 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1930 |
| Zoning | R6A / C2-4 - Medium density residential district | ||
| Price | $4,500,000 |
| Price Per Unit | $1,500,000 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 2,850 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | R6A / C2-4 - Medium density residential district |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 2 | - | - |
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (93)
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MATTERPORT 3D EXTERIOR
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146 N 7th St
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