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112 Harrison Pl

4 Unit Apartment Building $2,850,000 ($712,500/Unit) 5.99% Cap Rate Brooklyn, NY 11237

Executive Summary

Welcome to 112 Harrison Place, a mixed-use property in the vibrant and rapidly developing neighborhood of East Williamsburg. This property offers a free market setup with four 3-bedroom/1-bath apartments and one versatile retail unit, all strategically situated just two blocks north of Flushing Avenue and one block east of Knickerbocker Avenue.
Residential Apartments: Featuring four 3-bedroom, 1-bath units, these apartments offer a perfect blend of convenience and style for anyone who wants to live in one of Brooklyn’s most sought-after neighborhoods.
Commercial Space: The ground floor currently houses a restaurant, benefiting from its prime street-level location, high foot traffic, and excellent visibility. This space is also ideal for retail stores, cafés, studios, or offices, offering a prime location to grow your business.
Neighborhood Highlights: East Williamsburg is renowned for its artistic vibe, trendy eateries, and vibrant nightlife. Residents and business owners alike will enjoy:
-Proximity to public transportation, including the Morgan Ave L -Train Subway Station just two blocks away
-A diverse selection of restaurants, bars, and cafes
-Boutiques, art galleries, and cultural hotspots
-Nearby parks and recreational areas
A strong sense of community and dynamic urban energy
Nestled in an area experiencing rapid development, with projects like 187 Cook Street (a 92-key hotel) and 198 Johnson Avenue (a 117-unit property), this location is thriving. The current retail tenant has flourished in this prime spot.
Don’t miss the chance to be part of East Williamsburg’s exciting growth. 112 Harrison Place offers the perfect blend of residential luxury and commercial opportunity in one of New York City's most dynamic neighborhoods.
Contact me today to schedule a viewing and see firsthand what makes 112 Harrison Place the ideal investment.

Property Facts

Price $2,850,000
Price Per Unit $712,500
Sale Type Investment
Cap Rate 5.99%
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.06 AC
Building Size 5,250 SF
Average Occupancy 100%
No. Stories 3
Year Built 1930
Opportunity Zone Yes

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 - -
Walk Score ®
Walker's Paradise (94)
Transit Score ®
Rider's Paradise (93)
Bike Score ®
Very Bikeable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03004-0029
Land Assessment
$152,100
Improvements Assessment
$449,100
Total Assessment
$601,200

zoning

Zoning Code M1-1
M1-1
  • Listing ID: 32163163

  • Date on Market: 6/17/2024

  • Last Updated:

  • Address: 112 Harrison Pl, Brooklyn, NY 11237

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