Rare opportunity to acquire a five-family property in one of Brooklyn's most sought-after and supply-constrained neighborhoods. Ideally situated in desirable Williamsburg, this property offers a versatile unit mix of four two-bedroom apartments and one three-bedroom apartment investment opportunity in a high-demand market boasting 3,750 sqft.The property also features a full, finished basement. The five-unit configuration and generous bedroom count offer a strong foundation for both seasoned investors and those seeking to establish a foothold in one of Brooklyn's most dynamic neighborhoods.Williamsburg continues to benefit from strong residential demand, fueled by its vibrant dining, shopping, arts, waterfront, and entertainment scene, along with convenient access to Manhattan and multiple transportation options. With limited opportunities to acquire multifamily properties in this established and highly desirable area, this offering presents an opportunity to own a substantial residential asset in a neighborhood where demand remains strong.Property is being offered and sold AS IS. Buyers are encouraged to conduct their own due diligence regarding zoning, legal use, building records, taxes, expenses, leases, rents, and all other property-related matters.An exceptional opportunity to acquire a five-family property in prime Williamsburg with the potential to create long-term value in a highly competitive Brooklyn market.
Listing By
Agency Name: Douglas Elliman Real Estate
Agency Contact: 516-354-6500
Shown By
Agent Name: Roberta Stern
Agent Phone: Cell: (646) 734-2846
Agency Title: Coldwell Banker American Homes
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128 N 1st Street | MLS# 1041921
This commercial property located at 128 N 1st Street, Brooklyn, NY 11249 is currently listed for sale with an asking price of $3,999,000. N 1st Street is located within the Brooklyn 14 school district. Search Brooklyn real estate on robertastern.cbamhomes.com today.