Two Contiguous Buildings in Williamsburg
366 & 366A Manhattan Avenue
Williamsburg
B43, B24
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718-395-1877
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Overview
TerraCRG has been retained to exclusively represent ownership in the sale of 366 and 366A Manhattan Avenue, two contiguous buildings located on the corner of Jackson Street and Manhattan Avenue in East Williamsburg, Brooklyn.
Totaling 7,260 SF, these fully free-market and tax class protected properties consist of 8 renovated residential units (four in each property) and a 2-car garage. Fully occupied, the properties’ unit mix consists of seven, 4 bedroom/2 bath units and one, 2 bedroom/2 bath unit. All units are full floor-throughs with four of the units having windows on 3 sides.
The existing gross rent roll is $400,788 but many of the existing rents are significantly below current market rents and as the old leases turn over, the gross rent roll should be closer to $440,000/year.
Attractions
The properties are surrounded by some of the best shops, hip bars, and stylish restaurants including Lilia, the Meat Hook, Brooklyn Steel, Sunnyvale, the Well, Brooklyn Zoo NY, and Our Wicked Lady – which bring in tourists from around the world.
Ideally located near the Lorimer Street and Graham Avenue subway stations, both serviced by the L, and several bus routes, various options exist to connect you to and from Brooklyn and Manhattan.
