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373 S 4th St
Brooklyn, NY 11211
Multifamily Property For Sale
·
30 Units
Property Facts
| No. Units | 30 | Lot Size | 0.11 AC |
| Property Type | Multifamily | Building Size | 19,968 SF |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built | 1925 |
| Building Class | C | ||
| Zoning | R6,Brooklyn,(C1) | ||
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 19,968 SF |
| No. Stories | 6 |
| Year Built | 1925 |
| Zoning | R6,Brooklyn,(C1) |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Washer/Dryer
- Hardwood Floors
Site Amenities
- Elevator
About 373 S 4TH ST , BROOKLYN, NY 11211
TerraCRG has been retained to exclusively represent ownership in the sale of a two building portfolio in the Williamsburg neighborhood of Brooklyn. The two buildings --373 S 4th Street and 380 S 4th Street -- present a rare opportunity to acquire 60 residential units and 1 commercial space in the highly sought after Williamsburg market. The portfolio offers stable cash flow with current net operating income of ~$1.018M and upside as 45% the units are achieving rents 75% below market. The buildings are located in close proximity to Bedford Avenue and Metropolitan Avenue and within walking distance of the J,M,Z subway lines and the L train, providing ideal transportation access for tenants.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | - |
| 2+1 | 10 | - | - |
Property Taxes
| Parcel Number | 02438-0036 | Improvements Assessment | $1,501,200 |
| Land Assessment | $213,750 | Total Assessment | $1,714,950 |
Property Taxes
Parcel Number
02438-0036
Land Assessment
$213,750
Improvements Assessment
$1,501,200
Total Assessment
$1,714,950
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