366-368 Leonard St
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366-368 Leonard St
20 Unit Apartment Building $14,950,000 ($747,500/Unit) Brooklyn, NY 11211
Investment Highlights
- Two 4-story properties totaling 18,200 gross square feet
- Fully leased, cash flowing asset
- Multiple spacious apartment configurations
- 100% free market allowing for uncapped rent growth
- 50’ of frontage along Leonard Street
- Individual metered apartments with passthrough utilities
Executive Summary
Avison Young is pleased to present an opportunity to acquire 366 & 368 Leonard Street (the “Properties”), two exquisite side by side 4-story new construction multifamily buildings with a combine 50’ of frontage located on the east side of Leonard Street between Meeker Avenue and Withers Street in Williamsburg, Brooklyn. The combined properties consist of twenty (20) Free Market residential units. Units include washer/dryer in-unit, split systems for heating and cooling, stainless steel appliances and other high end finishes throughout. The building’s amenity package also includes an expansive shared private roof deck along with a gated dog run in the rear of the property. The two buildings are each 10 units and carry a tax class 2B designation.
Property Facts
| Price | $14,950,000 | Apartment Style | Mid Rise |
| Price Per Unit | $747,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.12 AC |
| No. Units | 20 | Building Size | 14,808 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2023 |
| Price | $14,950,000 |
| Price Per Unit | $747,500 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 14,808 SF |
| No. Stories | 4 |
| Year Built | 2023 |
Unit Amenities
- Microwave
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
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Walk Score ®
Walker's Paradise (97)
Transit Score ®
Rider's Paradise (96)
Bike Score ®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,525,950 | |
| Land Assessment | $357,750 | Total Assessment | $1,883,700 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$357,750
Improvements Assessment
$1,525,950
Total Assessment
$1,883,700
zoning
| Zoning Code | M1-2, R6 (Residential) |
| M1-2, R6 (Residential) |
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366-368 Leonard St
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