154 North 9th Street

Prime Williamsburg Six Unit Multi-Family, Fully Free Market With No Rent Regulation

154 North 9th Street, Brooklyn, NY 11249
Asking Price $3,750,000
Type Multi-Family
Neighborhood North Williamsburg
Properties 2
Lot Size 2,500 SF
Zoning Code R6-B
Size 5,185 SF
Stories 3
Units 6
Air Rights Overbuilt

Investment Highlights:
  • Comprised of a five-unit walk-up apartment building with frontage along North 9th Street and a detached single-family carriage house that occupies the back of the lot, for a combined 6 total apartments
  • The ombined properties contain approximately 5,185 Gross SF and produce over $230,000 in annual gross income
  • Protected tax class 2A, limiting real estate tax increases to 8% annually and 30% over five years
  • Rents in the front/main building are under market and present a rare value-add opportunity because the units are free market and not subject to rent regulation

Two building, six unit free market property located between Bedford Avenue and Berry Street

Property Listing Contact:

Rich Velotta // Managing Director // 800 3rd Ave., New York, NY // 212.468.5924 // richardv@meridiancapital.com