378 S 3rd St | Brooklyn, NY 11211
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- LoopNet Team
378 S 3rd St
Brooklyn, NY 11211
Williamsburg | Free Market | Multifamily · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Newly constructed via an Alt 1 conversion (previously 4 units)
- Tax class 2B protect s against significant tax increases (~5% per year cap)
- Surrounded by prime Williamsburg retail, bars, and restaurants
- 100% Free Market with 8 large units - seven (7) 3BR and one (1) 2BR
- 3 Units have master leases with Roomrs signed in 20 21 expiring in 20 26, representing 20% upside in NOI
- Within 3 blocks to the to the J, M ,G trains, providing access to Manhattan
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.05 AC |
| Property Type | Multifamily | Building Size | 5,500 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | B | Year Built/Renovated | 1930/2018 |
| Zoning | R6 - Residential | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 5,500 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1930/2018 |
| Zoning | R6 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer
- Heating
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Den
- Dining Room
- Freezer
- Garden
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1.5 | 1 | - | - |
| 3+1 | 6 | - | - |
| 2+1.5 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 02438-0013 | Improvements Assessment | $510,300 |
| Land Assessment | $154,800 | Total Assessment | $665,100 |
PROPERTY TAXES
Parcel Number
02438-0013
Land Assessment
$154,800
Improvements Assessment
$510,300
Total Assessment
$665,100
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