373 & 380 South 4th Street

380 South 4th Street

Williamsburg

$25,000,000

373 S 4th Street Property Info
Lot Size 50 ft x 95 ft
Block-Lot 2438-36
Residential Units 30
380 S 4th Street Property Info
Lot Size 50 ft x 91.375 ft
Block-Lot 2451-5
Residential Units 30
Commercial Unit 1
Subways
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Multifamily 380 South 4th Street, Williamsburg
Adam Hess
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Details

373 S 4th Building Class C1
380 S 4th Building Class C7

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of a two building portfolio in the Williamsburg neighborhood of Brooklyn.  The two buildings –373 S 4th Street and 380 S 4th Street — present a rare opportunity to acquire 60 residential units and 1 commercial space in the highly sought after Williamsburg market.  The portfolio offers stable cash flow with current net operating income of ~$1.018M and upside as 45% the units are achieving rents 75% below market. The buildings are located in close proximity to Bedford Avenue and Metropolitan Avenue and within walking distance of the J,M,Z subway lines and the L train, providing ideal transportation access for tenants.

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