Williamsburg Portfolio

Brooklyn, New York

Request Information

Building

Stats

Property Type Multifamily - Low-Rise/Garden
Building size (SF) 68,930
Price $42,500,000

Overview

Avison Young, as exclusive agent, is pleased to offer for sale a portfolio of multi-family properties in the Williamsburg/East Williamsburg submarket of Brooklyn. The Properties include 484 Humboldt Street, 65 Maspeth Avenue and 64-68 Maspeth Avenue (the “Properties”). Properties are being offered individually or as a package. The portfolio consists of sixty-six (66) residential units, two (2) community facility units, one (1) garage unit and spans 68,930± gross square feet.

Highlights

Sixty-six (66) residential units and two (2) community facility units across three (3) properties

Strong in-place cash flow + value-add opportunity

484 Humboldt is 100% FM, while 65 & 64-68 Maspeth enjoy 421-A tax abatements + FM rents

64-68 Maspeth benefits from Tax Class 2B

Market rate 421-A properties allow for 100% FM at expiration of abatement (+ tenant vacates)

Incredible transportation options and within short walking distance to numerous neighborhood hotspots

Properties in close proximity to each other allowing management efficiency

Location Map

Map Type

Zoom

Gallery

Team

Eric Karmitz

Director

Avison Young - US - NY - New York

201 874 5017

[email protected]

Ryan McGuirl

Associate Director

Avison Young - US - NY - New York

908 392 0109

[email protected]

James Nelson

Principal, Head of Tri-State Investment Sales

Avison Young - US - NY - New York

917 362 1485

[email protected]

Brandon Polakoff

Principal, Executive Director of Tri-State Investment Sales

Avison Young - US - NY - New York

609 610 1771

[email protected]

Fritz Richter

Associate Director

Avison Young - US - NY - New York

19144069257

[email protected]

Downloads

65 Maspeth - 7B.zip

65 Maspeth - 7A.zip

65 Maspeth - 4A_(1).zip

65 Maspeth - 3E.zip

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RR & EXP in Excel

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421A_Schedules.xlsx

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64 Maspeth 1B

64 Maspeth - 4A

65 Maspeth - 3B.zip

484 Humb Photos - 101.zip

484 Humb Photos - 102.zip

484 Humb Photos - 203.zip

484 Humb Photos - 301.zip

484 Humb Photos - 304.zip

484_Humboldt_Building_Systems.png

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65_Maspeth_Building_Systems.png

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64-68_Maspeth_Building_Systems.png

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Maspeth_Pages_15-28_AS_BUILT_PLANS_65M.PDF

Maspeth_65_Pages_1-5_AS_BUILT_PLANS_65M.PDF

484_Humboldt_-_dwg_set.pdf

64_66_68_Maspeth_-_dwg_set_2.pdf

Williamsburg_Portfolio_OM_Final_(8.12.21).pdf

64_66_68_Maspeth_-_dwg_set_1.pdf

final_certificate_for_teo5807_-_page_2_(1).pdf

final_certificate_for_teo5807_-_page_1_(1).pdf

65_Maspeth_421-a.jpg

65_Maspeth_421-a_(1).pdf

NWB_-_July_2021_Comp_Set_(002).pdf

East_Williamsburg_Rental_Comp_Report_-_June_2021.pdf

East_Williamsburg_Condo_Comp_Report_-_June_2021.pdf

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Register for Offering: Williamsburg Portfolio OM

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Williamsburg Portfolio Flyer

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