8 Family in Williamsburg's Prime Area! Very Rare Investor's opportunity! Located on Withers Street, this property is only 1 block away from McCarren Park, a few blocks away from the East River Ferry, 2 blocks away from Lorimer and Metropolitan Avenue L train station, and...
8 Family in Williamsburg's Prime Area! Very Rare Investor's opportunity! Located on Withers Street, this property is only 1 block away from McCarren Park, a few blocks away from the East River Ferry, 2 blocks away from Lorimer and Metropolitan Avenue L train station, and is surrounded by trendy shops, stores, supermarkets, restaurants, eateries and so much more. This 8 family solid brick building is the perfect investment property with a healthy upside. With an NOI of $171,265 and rents below market this investment piece fits perfect for an investor's portfolio and has great potential. Building: 25 FT X 55 FT Lot: 25 FT X 70 FT Sq Ft: 5,500 Stories: 4 Property class (C1) Year built: 1928 Zoning: M1-2/R6, MX-8 FAR: MAX FAR: Taxes: $15,023 /YR Residential Units: 8 Floor Area Ratio (FAR) Residential FAR 2.43 Commercial FAR 2 Facility FAR 4.8 FAR as built 3.14 Maximum usable floor area 4,252 Usable floor area as built 5,495 Unused FAR -1,242 GREAT Investment Opportunity! Call TODAY for a Full Set Up!
Courtesy of Douglas Elliman Real Estate
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