34 Unit Free Market Building with Assumable Debt in Williamsburg

Highlights:

• Seven-story elevator building in Williamsburg, built in 2008, comprised of 34 apartments spanning 29,250 square feet
• The building features a collection of (6) 1-bedroom and (28) 2-bedroom layouts representing an attractive unit mix
• Following the June 2025 tax abatement expiration, the building has transitioned to free-market status
• Exempt from Good Cause Eviction, allowing ownership to capture immediate mark-to-market upside
• Assumable $10,034,203 loan, fixed-rate at 3.48%, maturing in July of 2032
• Unit amenities include stainless steel appliances, central climate control systems, floor-to-ceiling windows, and inunit washer & dryer
• Building amenities include a communal rooftop terrace, fitness center, on-site storage, a fully secure bike room, and parking garage
• The asset is centrally located near Broadway, Lorimer Street and Montrose Avenue stations, providing direct access to the L,J,M, and G subway lines for seamless connectivity to Manhattan, Long Island City and across Brooklyn

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