4,400 SF Three-Story Building in Gowanus
196 Wyckoff Street
Gowanus
Closed 06/09/2022 at
$2,650,000 | $736 per SF
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718-395-1877
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Overview
TerraCRG has been retained to exclusively represent ownership in the sale of 196 Wyckoff Street, a 100% free-market multifamily building with private parking on the border of Boerum Hill & Gowanus. This three-story 4,400 SF building offers the opportunity to obtain a unique value-add property in one of Brooklyn’s prime neighborhoods.
The corner building consists of 4 residential units and 4 garages. The 4 free-market units are currently occupied on a month-to-month lease and once renovated, will generate a gross annual income of ~$177,600 and a net operating income of ~$145,401.
Attractions
Wyckoff Street is in a prime location, ideally situated a short distance from both the Bergen Street station (F & G trains) and the Atlantic Avenue/Barclays Center transportation hub.