56 North 9 | 56 N 9th St
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56 North 9 56 N 9th St
44 Unit Apartment Building For Sale Brooklyn, NY 11249
Investment Highlights
- Luxury mixed-use property for sale.
- Prime Williamsburg waterfront.
Executive Summary
· Core Mixed-Use Asset situated in Prime Williamsburg along the coveted waterfront
· 44 Residential Units | 33,000 SF of Retail & Commercial Space | Multi-level Covered Parking
· Fully occupied retail and commercial component boasting a 10-Year WALT
· Long Term 421A Abatement and ICAP Exemption as well as 5-Year Childcare Center Abatement
· Core Investment Opportunity providing highly durable Cash flow at a significant Discount to Replacement
· Proximity to Williamsburg’s trendiest restaurants, luxury shopping destinations and steps from the expansive waterfront oasis
· 44 Residential Units | 33,000 SF of Retail & Commercial Space | Multi-level Covered Parking
· Fully occupied retail and commercial component boasting a 10-Year WALT
· Long Term 421A Abatement and ICAP Exemption as well as 5-Year Childcare Center Abatement
· Core Investment Opportunity providing highly durable Cash flow at a significant Discount to Replacement
· Proximity to Williamsburg’s trendiest restaurants, luxury shopping destinations and steps from the expansive waterfront oasis
Property Facts
| Sale Type | Investment | Lot Size | 0.39 AC |
| No. Units | 44 | Building Size | 99,878 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid Rise | Year Built | 2018 |
| Building Class | A | Parking Ratio | 0.86/1,000 SF |
| Sale Type | Investment |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | A |
| Lot Size | 0.39 AC |
| Building Size | 99,878 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built | 2018 |
| Parking Ratio | 0.86/1,000 SF |
Unit Amenities
- Washer/Dryer
- Hardwood Floors
- Ice Maker
- Refrigerator
- Stainless Steel Appliances
- Views
Site Amenities
- Clubhouse
- Fitness Center
- Waterfront
- Grill
- Package Service
- Pet Play Area
- Storage Space
- Bicycle Storage
- Pet Care
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 450 - 500 |
| 1+1 | 9 | - | 700 - 750 |
| 2+2 | 25 | - | 850 - 1,300 |
| 3+3 | 2 | - | 1,300 - 1,400 |
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Rider's Paradise (94)
Bike Score ®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 02309-1201 | Improvements Assessment | $6,128,550 |
| Land Assessment | $799,403 | Total Assessment | $6,927,953 |
PROPERTY TAXES
Parcel Number
02309-1201
Land Assessment
$799,403
Improvements Assessment
$6,128,550
Total Assessment
$6,927,953
zoning
| Zoning Code | M1-2, R6A (Light industrial with offices, hotels, and most retail uses permitted.) |
| M1-2, R6A (Light industrial with offices, hotels, and most retail uses permitted.) |
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Chirag Doshi -
Amit Doshi -
Shallini Mehra -
Ryan Delmonte -
Hannah Granot -
Meridian Capital Group, LLC
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56 North 9 | 56 N 9th St
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