144 WILLOW STREET

For Sale - Brooklyn - Brooklyn Height

$8,800,000

Net Operating Income: $385,600

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Key Details

Property Type
MultiFamily
Neighborhood
Brooklyn Height
Property Dimensions
25.33 x 60.0
Property Area
8,230 sq.ft.
Total Units:
10
Stories:
5
NOI
$385,600
Price
$8,800,000

Listing Description

Meridian Investment Sales is pleased to present for sale 144 Willow Street, a five story renovated walk-up apartment building located in the heart of Brooklyn Heights. The property was built in 1851 and underwent an extensive gut renovation in 2018. The building is fully leased and contains 10 Free Market apartments with high-end finishes. In addition, the building has a virtual doorman and units feature washer / dryers and split system AC units. This turnkey asset benefits from the protected Tax Class 2B (increases to Assessed Value limited to 8% annually or 30% over five years).

Property Details

Block/Lot:
234/67
Lot Dimensions
25.33 x 101.0
Lot Area
2,559 sq.ft
Zoning:
R6
FAR as Built:
3.22
Max FAR:
4.8
Shallini MehraMeridian Investment Sales
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Sales & Transactions

AddressSale PriceSale DateProperty Type
140 COLUMBIA HEIGHTS$15,500,00005/17/2018MultiFamily
84 WILLOW STREET$3,900,00004/03/2018MultiFamily
144 WILLOW STREET$6,650,00002/07/2018MultiFamily
99 JORALEMON STREET$7,593,60701/31/2018MultiFamily
141 JORALEMON STREET$13,155,57101/31/2018MultiFamily
50 HICKS STREET$3,900,00001/31/2018MultiFamily
44 HICKS STREET$4,100,00007/08/2016MultiFamily
22 REMSEN STREET$5,250,00005/12/2016MultiFamily
149 CLINTON STREET$4,500,00003/01/2016MultiFamily
70 REMSEN STREET, 9F$500,00002/19/2016MultiFamily