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120 Wythe Ave

4 Unit Apartment Building $4,500,000 ($1,125,000/Unit) Brooklyn, NY 11249

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Investment Highlights

Three-story brick building with a full basement, offering 3,218 net rentable square feet across five units in the heart of Williamsburg, Brooklyn.
With a dense population of over 3 million within 5 miles and over 75% renter-occupied, there is a strong and sustained demand for rental units.
Population has a median household income of over $91,000 and contributes to more than $1.1 billion in housing costs, with rents growing by 2.0%.

Asset is being delivered vacant, offering a significant upside through lease-up of the recently updated units.
Situated steps from Bushwick Inlet Park, The East River, and McCarren Park, the property is surrounded by notable dining options and hotels.

Executive Summary

Location, location, location...it doesn't get any better than this! 120 Wythe Avenue with 70 feet of frontage on Wythe Avenue in the heart of Williamsburg, Brooklyn steps from Bushwick Inlet Park and The East River and a short walk to McCarren Park. Surrounded by dining and hotels: The Hoxton, The Arlo Williamsburg, The William Vale and The Wythe Hotel. Transportation: MTA Subway (L), MTA Bus (B32), North Williamsburg Ferry Terminal and Citi Bike stations. Vacant, no rent control, no rent stabilization.

Property Facts

Price	$4,500,000	Building Class	C
Price Per Unit	$1,125,000	Lot Size	0.03 AC
Sale Type	Investment	Building Size	3,218 SF
No. Units	4	Average Occupancy	0%
Property Type	Multifamily	No. Stories	3
Property Subtype	Apartment General Retail Storefront Retail/Residential	Year Built	1910
Apartment Style	Low Rise

Price	$4,500,000
Price Per Unit	$1,125,000
Sale Type	Investment
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential
Apartment Style	Low Rise
Building Class	C
Lot Size	0.03 AC
Building Size	3,218 SF
Average Occupancy	0%
No. Stories	3
Year Built	1910