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328 Berry St
Brooklyn, NY 11249
Free Market Vacant 4 Unit Building · Multifamily Property For Sale
·
4 Units
Investment Highlights
- 100% Free Market
- 4 Floor-Through Apartments
- Prime Williamsburg Location
- 100% Vacant
- Tax Class Protected
Executive Summary
TerraCRG has been retained to exclusively represent ownership in the sale of the vacant multifamily building at 328 Berry Street in Prime Williamsburg, Brooklyn.
328 Berry Street is a 20 ft wide free-market, vacant four family building, positioned between S 4th Street and S 5th Street in Williamsburg. The property consists of 4 floor-through residential units.
Taxes are favorable at $6.6K due to the 2A protected tax class. This offering represents a rare opportunity to acquire a free-market asset with substantial value-add potential in one of the city’s most vibrant and sought-after neighborhoods.
This property is in a thriving residential area in Williamsburg, Brooklyn. In close proximity to well-known restaurants L’Industrie Pizzeria, The Four Horsemen, Leo, Have & Meyer, and Recette. Most residents in the area commute by bicycle, car, or by the G,L,J,M,Z Subway lines that run throughout the neighborhood. Just a 1-minute drive to Williamsburg Bridge and a short walk to the ferry, the location allows for easy access to Manhattan, Queens and the rest of Brooklyn.
Williamsburg is home to many retail tenants such as Nike, Patagonia, Apple and Hermes. Activities nearby include volleyball in Domino Park, tennis, soccer, track, and baseball at McCarren Park, as well as rock climbing at VITAL Climbing Gym on Berry Street.
328 Berry Street is a 20 ft wide free-market, vacant four family building, positioned between S 4th Street and S 5th Street in Williamsburg. The property consists of 4 floor-through residential units.
Taxes are favorable at $6.6K due to the 2A protected tax class. This offering represents a rare opportunity to acquire a free-market asset with substantial value-add potential in one of the city’s most vibrant and sought-after neighborhoods.
This property is in a thriving residential area in Williamsburg, Brooklyn. In close proximity to well-known restaurants L’Industrie Pizzeria, The Four Horsemen, Leo, Have & Meyer, and Recette. Most residents in the area commute by bicycle, car, or by the G,L,J,M,Z Subway lines that run throughout the neighborhood. Just a 1-minute drive to Williamsburg Bridge and a short walk to the ferry, the location allows for easy access to Manhattan, Queens and the rest of Brooklyn.
Williamsburg is home to many retail tenants such as Nike, Patagonia, Apple and Hermes. Activities nearby include volleyball in Domino Park, tennis, soccer, track, and baseball at McCarren Park, as well as rock climbing at VITAL Climbing Gym on Berry Street.
Property Facts
| Sale Type | Investment | Lot Size | 0.03 AC |
| No. Units | 4 | Building Size | 3,290 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1920 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | M1-2, R6 - Light industrial with offices, hotels, and most retail uses permitted/Medium density residential district | ||
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 3,290 SF |
| No. Stories | 3 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
| Zoning | M1-2, R6 - Light industrial with offices, hotels, and most retail uses permitted/Medium density residential district |
Property Taxes
| Parcel Number | 02442-0022 | Improvements Assessment | $501,750 |
| Land Assessment | $116,550 | Total Assessment | $618,300 |
Property Taxes
Parcel Number
02442-0022
Land Assessment
$116,550
Improvements Assessment
$501,750
Total Assessment
$618,300
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