92 SOUTH 4 STREET

Elite ListingMultifamily BrooklynWilliamsburg

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Price

-%

Cap Rate

40

Units

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Property located at 92 SOUTH 4 STREETIc expand

Rosewood Realty Group is pleased to present a portfolio of walk-up apartment buildings in a few of Brooklyn’s most transformed neighborhoods, including Williamsburg, Bedford-Stuyvesant, Bushwick & Greenwood Heights.


The portfolio consists of 13 buildings totaling 40 apartments and 1 commercial unit, spanning 34,483 SF, with over 19,000 SF of air rights. The properties benefit from some operating efficiencies that include but are not limited to free market rents & favorable tax classes that result in very strong operating ratios. They are located in desirable Brooklyn residential neighborhoods that are in strong demand and as such command high rental rates. Further, there is a bundle of five buildings within the portfolio that are contiguous, allowing for managerial efficiencies.

The North Brooklyn market has been experiencing population growth in recent years as development has continued and the work & play lifestyle has taken a foothold. There has been a spike in deliveries of office space in the market in recent years with more in the pipeline, resulting in growth in rental demand from such workers. When such a trend is coupled with the already dominant characteristics that have led to the market’s prominence, the future trend remains positive

Property Details

Block/Lot:2443/10
Lot Dimensions 23.0 x 100.0
Lot Area2,300 sq.ft
Zoning: M1-2/R6
FAR as Built:1.8
Max FAR:4.8

Exclusive Agent

Greg Corbin

Rosewood Realty Group

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Sales & Transactions

AddressNeighborhoodBuilding ClassSale PriceSale Date
147 POWERS STREETWILLIAMSBURG-EASTC0$1,905,00007/26/2018
110 DEVOE STREETWILLIAMSBURG-EASTC0$1,900,00007/24/2018
81 POWERS STREETWILLIAMSBURG-EASTC0$1,800,00007/10/2018
431 WYTHE AVENUEWILLIAMSBURG-SOUTHC1$6,600,00007/09/2018
313 SOUTH 4TH STREETWILLIAMSBURG-SOUTHC1$3,300,00007/09/2018
277 BERRY STREETWILLIAMSBURG-SOUTHC0$3,010,00006/28/2018
195 HOOPER STREETWILLIAMSBURG-CENTRALC0$1,900,00006/28/2018
247 SOUTH 3RD STREETWILLIAMSBURG-SOUTHD9$34,891,69606/28/2018
177 NORTH 8TH STREETWILLIAMSBURG-NORTHC2$2,200,00005/31/2018
338 MANHATTAN AVENUEWILLIAMSBURG-EASTC2$1,800,00005/30/2018