56 N 9th St | Brooklyn, NY 11249
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- LoopNet Team
56 N 9th St
Brooklyn, NY 11249
56N9 · Multifamily Property For Sale
·
44 Units
INVESTMENT HIGHLIGHTS
- 6-story Elevatored Mixed Use asset situated along the Williamsburg Waterfront on Kent Avenue
- 100% Occupied Retail and Commercial across 33,000 SF | 9.4 Year WALT
- Core Investment Opportunity offering resilient cashflow at a discount to replacement in an exceptional Williamsburg location
- 44 Residential Units with Favorable Unit Mix and Luxurious Amenities
- Long term 421A abatement and ICAP exemption as well as a 5-year Childcare Center Abatement
- Reduced Asking Price: $73,000,000 (6.28% Cap Rate | $730/SF)
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Washer/Dryer
- Hardwood Floors
- Ice Maker
- Refrigerator
- Stainless Steel Appliances
- Views
SITE AMENITIES
- Clubhouse
- Fitness Center
- Waterfront
- Grill
- Package Service
- Pet Play Area
- Storage Space
- Bicycle Storage
- Lounge
- Pet Care
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | 450 - 500 |
| 1+1 | 9 | - | 700 - 750 |
| 2+2 | 25 | - | 850 - 1,300 |
| 3+3 | 2 | - | 1,300 - 1,400 |
PROPERTY TAXES
| Parcel Number | 02309-1202 | Improvements Assessment | $3,532,950 |
| Land Assessment | $430,448 | Total Assessment | $3,963,398 |
PROPERTY TAXES
Parcel Number
02309-1202
Land Assessment
$430,448
Improvements Assessment
$3,532,950
Total Assessment
$3,963,398
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