Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1920
Building Area
Occupancy 100.0 %

Property Description

The Property is comprised of a diversified unit mix, which includes 10 loft-style units in addition to the two one-bedroom units, 28 two-bedroom units and two three-bedroom units. The spacious loft-style units, averaging over 1,000 square feet, are a unique attraction, especially for the target demographic of young professionals continuing to expand throughout Brooklyn. The Property also offers the ability to increase income via building out and utilizing the cellar space.

Investment Highlights

  • Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis as marketing and sales agent for
  • 56 South 11th Street (the “Property”), a 6-story, 42-unit value-add rental building located in the South Williamsburg neighborhood of Brooklyn, New York. Situated between Wythe and Berry, the Property is located less than two blocks from the rapidly developing South Williamsburg waterfront, which continues to benefit from an influx of capital by prominent developers. Residents at the Property can take advantage of New York City’s extensive public transportation system, including the Marcy Avenue subway station, which provides convenient access to Manhattan, Queens, and the rest of Brooklyn.
Steven Rutman
Steven Rutman
Director, Capital Markets
License details
NJ-1220994 PA-RS320021 NY-10401278083
Jeffrey Julien
Jeffrey Julien
Managing Director, Capital Markets
License details
NY-40JU1081538

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