01 Gut renovated townhouse A redeveloped three story walk up taken to the studs and body envelope mechanical systems, kitchens, baths, and facadesrebuilt.
| Website: | https://www.nestseekers.com/5707286 |
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| Address: | New York, NY 11211 |
| Ownership: | For Sale |
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| Type: | Unknown |
| Bedrooms: | 8 BR |
| Bathrooms: | 6 |
| Lot Size: | 0.0 Acres |
Financials
Description
01 Gut-renovated townhouse
A redeveloped three-story walk-up taken to the studs and body envelope —mechanical systems, kitchens, baths, and facadesrebuilt.
02 Free-market income with embedded value-add upside
Every unit is free-market, with full exposure to rent growth and no rent-regulation overhang. Additional upside with duplex garden unit buildout and mark to market lease-up.
03 R6 zoning
A moderate-density district permitting as-of-right expansion, rare among Williamsburg's low-rise, three-family townhouse stock.
04 Transit at the corner
The L/G at Lorimer Street and Metropolitan Avenue is roughly 0.1 miles away —Transit Score 96, Walk Score 99.
05 At the epicenter of NYC’s most sought-after live/work/play neighborhood
North Williamsburg - world-class restaurants, celebrated cocktail bars, waterfront parks, and a thriving creative economy that continues to set the standard for urban living.
06 A lean carry
$6,397 in annual real estate taxes under holds operating cost well below the borough norm.
Amenities
- Electricity Connected
- High ceiling
578 Driggs Avenue Brooklyn, NY 11211 Phone: +1 718-302-0900 Fax: +1 718-228-3917 | |
| Listing Courtesy of YC Capital Group LLC | |