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- LoopNet Team
194 S 2nd St
Brooklyn, NY 11211
Prime Williamsburg Redevelopment Play · Multifamily Property For Sale
·
9 Units
PROPERTY FACTS
| No. Units | 9 | Lot Size | 0.07 AC |
| Property Type | Multifamily | Building Size | 6,589 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Low-Rise | Year Built | 1900 |
| Building Class | C | ||
| Zoning | R6 | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 6,589 SF |
| No. Stories | 5 |
| Year Built | 1900 |
| Zoning | R6 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Oven
- Range
ABOUT 194 S 2ND ST , BROOKLYN, NY 11211
Westbridge Realty Group is exclusively offering for sale 194 South 2nd Street, a 4-family apartment building in Williamsburg with plans to convert to a 9-unit building. Built 22 ft x 40, the building has approved plans to be redeveloped into a 22 ft x 60 ft 4 story apartment building containing 6,589 SF. The approved plans call for extending the rear of the building 20 feet and adding 1 floor. The building will contain two 1-bedroom apartment units, one 2-bedroom apartment unit, three 3-bedroom apartment units and three 4-bedroom apartment units. The completed building is expected to have an annual rent roll in excess of $500,000, and will benefit from a J-51 tax abatement.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 9 | - | 1,980 |
PROPERTY TAXES
| Parcel Number | 02419-0015 | Improvements Assessment | $1,048,950 |
| Land Assessment | $162,000 | Total Assessment | $1,210,950 |
PROPERTY TAXES
