Vacant Multifamily Building | Williamsburg
395 Manhattan Avenue
Williamsburg
$3,500,000
BQE Entrance
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718-395-1877
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Overview
TerraCRG has been retained to exclusively represent ownership in the sale of 395 Manhattan Avenue, a VACANT fully FREE MARKET multifamily building in prime Williamsburg neighborhood of Brooklyn.
The approximately 4,125 SF building consists of 6 free-market apartments. The property projects an annual gross rent roll of ~$384,000 and a net operating income of ~$336,171 after expenses. The property needs minor renovation but overall is in good condition.
The property sits on the Manhattan Avenue corridor between Frost Street and Meeker Avenue just two blocks from McCarren Park. The property is also a short walk to the L subway at Lorimer Street and the G subway at Nassau Avenue, providing excellent connectivity to Manhattan and the rest of Brooklyn.
Asking Price: $3,500,000