NOT LISTED FOR SALE
4 Beds
4 Baths
3,645 Sq Ft
1,317 Sq Ft Lot

Last Sold July 24, 2024

Last sale price $2,600,000 $713 Per Sq Ft

76 Days on Market

About This Home

As of July 2024

Presenting an exceptional investment opportunity in North Williamsburg!

A free-market, four-family brick building with a historic stoop, offered for sale for the first time in nearly 120 years, and being delivered fully vacant.

Located in the most sought-after neighborhood, this well-maintained building represents a unique chance to invest in Williamsburg's dynamic market and own a piece of history.

The asking price of $2,750,000 equates to $687,500 per unit. Each unit is a floor-through residence, offering generous living spaces with high ceilings. The ground-floor unit enjoys exclusive backyard access.

This 20 x 45 feet building features exceptionally good bones, ceilings over 9 feet high, a concrete patio garden with a fig tree, and a large, clean cellar level, offering further potential for development.

Strategic Positioning: Situated in prime Williamsburg, the building benefits from its proximity to top-rated restaurants, chic boutiques, multiple entertainment options, and parks, ensuring continuous demand and investment growth.

Transportation: Ideally located within minutes of three different subway stations offering access to five subway lines (L, G, M, J, Z), ensuring unparalleled connectivity across New York City:

- 8-min walk to Bedford Av L-train
- 7-min walk to Marcy Av J, M, Z-trains
- 5-min walk to Metropolitan Av G-train & Lorimer Av L-train

With a 6.5% cap rate, this remarkable offering is sure to capture the attention of savvy investors looking to capitalize on the thriving Williamsburg market.

Reach out today to learn more about this opportunity and schedule your viewing!

Last Agent to Sell the Property

Angelica Blotkevich

Brick & Mortar LLC License #10401308221 Listed on: 03/06/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,800

Year Built

  • Built in 1910

Lot Details

  • 1,317 Sq Ft Lot

Home Design

  • 3,645 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Community Details

  • No Home Owners Association
  • 4 Units
  • Williamsburg Subdivision

Listing and Financial Details

  • Property Available on 3/6/24
  • Legal Lot and Block 20 / 2384

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,800

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Williamsburg
  • Structure Type: Multi Family
  • Pets No Pets Comments: Call Listing Agent,Building Pets Allowed Comments:Call Listing Agent
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Living Area: 3645.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 4
  • Bathrooms Integer: 4
  • Bedrooms: 4

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building In Basement

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 1317.0
  • Lot Size Dimensions: x

Building Info

  • New Construction: No
  • Units: 4
  • Year Built: 1910

Rental Info

  • Available Date: 2024-03-06

Tax Info

  • Tax Block: 2384
  • Tax Lot: 20
  • Tax Annual: 7800.0

Multi Family

  • Building Area Units: Square Feet

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2024 07/24/24 Sold $2,600,000 -5.5% $713 / Sq Ft
05/22/2024 05/22/24 Pending -- -- --
05/10/2024 05/10/24 Price Changed $2,750,000 -6.8% $754 / Sq Ft
03/06/2024 03/06/24 For Sale $2,950,000 -- $809 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,589 $674,100 $190,350 $483,750
2024 $8,589 $655,020 $190,350 $464,670
2023 $7,804 $545,850 $190,350 $355,500
2022 $6,561 $545,400 $190,350 $355,050
2021 $6,049 $509,850 $190,350 $319,500
2019 $6,018 $535,500 $190,350 $345,150
2018 $5,577 $48,938 $18,887 $30,051
2017 $5,295 $45,320 $20,329 $24,991
2016 $2,091 $41,988 $21,607 $20,381
2015 $1,321 $41,988 $25,928 $16,060
2014 $1,321 $40,653 $27,123 $13,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10960615

Real Estate Board of New York (REBNY)

APN: 02384-0020