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
Location:

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