Mostly Vacant 6 Unit Walk-Up Building | Prime Williamsburg

$3,100,000

37 Frost Street, New York, NY 11211

For Sale

Multifamily Garden Low Rise

Active

Last Updated: 03/21/2025

Building Size: 4,125 sqft

Lot Area: 2,500 sqft

Units: 6

Zoning: R6B / M1-2 / MX-8

Floors: 3

6-unit walk-up building located on the north side of Frost Street between Union Avenue and Lorimer Street
5/6 units delivered vacant; occupied unit paying $989 a month
Ability to duplex the ground floor unit
Opportunity to perform a substantial rehabilitation
Protected Tax Class 2A - limits property tax increases year over year
Certificate of No Harassment (CONH) obtained
Highly desirable location in Williamsburg, 2 blocks from McCarren Park
Residential rents in the neighborhood approach $90/SF and condominium sales are in the range of $1,600/SF
Both the Lorimer Street L and Metropolitan Ave G train stations are located a few blocks away, providing swift access to Manhattan

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