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Free Market Vacant 4 Unit Building 328 Berry St 4 Unit Apartment Building For Sale Brooklyn, NY 11249
Executive Summary
Brick Boutique 20 Footer — Classic 20-foot-wide brick building rising three stories over a garden level, configured as a four-family totaling approximately 2,800 SF and delivered completely vacant.
Premier Southside Williamsburg Location — Just three blocks from the East River and minutes from the famous Domino Park, with the J/M/Z at Marcy Avenue, the L at Bedford Avenue, and NYC Ferry service along the Williamsburg waterfront. The Williamsburg Bridge puts the Lower East Side within minutes, while Bedford Avenue's retail and dining corridor, Whole Foods, Equinox, Apple, Aska, Peter Luger, sits just to the north of the asset.
Live + Income Potential — Rare owner-user opportunity with income upside. With all four units vacant at closing, an owner can occupy the garden unit and its private backyard or combine it with the parlor floor for an owner's duplex, while the remaining apartments generate rent.
Surrounded by Luxury Residences — 328 Berry Street sits on one of Brooklyn's most coveted blocks, surrounded by the Southside's transformation, including the Domino Sugar Refinery, One South First, 325 Kent, and six acres of waterfront parkland. Thousands of new luxury units have pushed rents and values higher, while low-rise product remains scarce. Just two blocks away, townhomes at 274 Berry Street are achieving nearly $2,000/SF on sellout.
Exceptionally Low Tax Bill — Annual real estate taxes of just $6,595, or roughly $1,650 per unit, under a Tax Class 2A designation that keeps assessment growth capped and predictable.
Premier Southside Williamsburg Location — Just three blocks from the East River and minutes from the famous Domino Park, with the J/M/Z at Marcy Avenue, the L at Bedford Avenue, and NYC Ferry service along the Williamsburg waterfront. The Williamsburg Bridge puts the Lower East Side within minutes, while Bedford Avenue's retail and dining corridor, Whole Foods, Equinox, Apple, Aska, Peter Luger, sits just to the north of the asset.
Live + Income Potential — Rare owner-user opportunity with income upside. With all four units vacant at closing, an owner can occupy the garden unit and its private backyard or combine it with the parlor floor for an owner's duplex, while the remaining apartments generate rent.
Surrounded by Luxury Residences — 328 Berry Street sits on one of Brooklyn's most coveted blocks, surrounded by the Southside's transformation, including the Domino Sugar Refinery, One South First, 325 Kent, and six acres of waterfront parkland. Thousands of new luxury units have pushed rents and values higher, while low-rise product remains scarce. Just two blocks away, townhomes at 274 Berry Street are achieving nearly $2,000/SF on sellout.
Exceptionally Low Tax Bill — Annual real estate taxes of just $6,595, or roughly $1,650 per unit, under a Tax Class 2A designation that keeps assessment growth capped and predictable.
Property Facts
| Sale Type | Investment | Building Class | C |
| Gross Rent Multiplier | 13.4 | 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
|
| Zoning | M1-2, R6 - Light industrial with offices, hotels, and most retail uses permitted/Medium density residential district | ||
| Sale Type | Investment |
| Gross Rent Multiplier | 13.4 |
| 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 |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 02442-0022 | Improvements Assessment | $483,750 |
| Land Assessment | $116,550 | Total Assessment | $600,300 |
Property Taxes
Parcel Number
02442-0022
Land Assessment
$116,550
Improvements Assessment
$483,750
Total Assessment
$600,300
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