17-19 Thames Street
Brooklyn, NY 11206
Cross street:Bogart Street

Building

Type:Low-rise
Era:Post-war
Floors:2

Property

Ownership: Mixed Use
Rooms: 40
Bedrooms: Studio

Financials

Price:$5,500,000
Real estate tax:$61,056
Listing Courtesy of Douglas Elliman Real Estate

Presenting 17 19 Thames Street, a substantial mixed use investment opportunity in East Williamsburg, Brooklyn.

Description

Presenting 17-19 Thames Street, a substantial mixed-use investment opportunity in East Williamsburg, Brooklyn. Comprising two adjacent buildings totaling approximately 13,150 square feet on an expansive 80-by-100-foot lot, the property features a combined 10 residential units and one ground-floor commercial space.

The asset generates approximately $410,000 in total annual income, providing investors with immediate, diversified cash flow across its residential and retail components. Formerly an Interim Multiple Dwelling (IMD), the property has completed its conversion and now benefits from a new Certificate of Occupancy, ensuring clarity and regulatory stability for future ownership.

In addition to the existing improvements, the property includes approximately 3,000 square feet of additional air rights. This creates potential long-term value and expansion opportunities, subject to all applicable approvals.

Ideally positioned near the Morgan Avenue L train, 17-19 Thames Street sits within one of Brooklyn's most active residential, commercial, and creative corridors. The surrounding East Williamsburg and Bushwick neighborhoods offer a dynamic mix of restaurants, cafés, nightlife, galleries, studios, and established businesses, driving continued demand from both residential and commercial tenants.

With strong in-place income, a new Certificate of Occupancy, significant lot frontage, additional development rights, and substantial existing building area, 17-19 Thames Street represents a rare opportunity to acquire a premier mixed-use asset in a highly sought-after Brooklyn location.

Amenities

  • Basement
  • Voice Intercom

Neighborhood

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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.