Fully Occupied, Medical Bldg in Williamsburg | 168 Havemeyer St
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Fully Occupied, Medical Bldg in Williamsburg 168 Havemeyer St
10,549 SF Office Building Brooklyn, NY 11211 For Sale
Investment Highlights
- 10,549 SF across four stories
- Medical-related retail on the ground floors, medical office space on upper floors
- Well-maintained building with long-standing tenants
- Dual frontage on Havemeyer Street and South 3rd Street
- R6, C1-3 with a 2.2 FAR for residential use, providing conversion potential for the upper floors
Executive Summary
TerraCRG has been retained to exclusively represent ownership in the sale of the medical building at 168 Havemeyer Street just off the corner of Havemeyer and South 3rd Street in Williamsburg, Brooklyn.
168 Havemeyer Street is an existing 10,549 SF, four-story medical office building on a 3,045 SF lot. With frontage on Havemeyer St and South 3rd Street, the building has medical related retail space on the two sides and medical office space on the upper floors. The property is fully leased with varying lease terms. Zoned R6, C1-3, the building has a 2.2 FAR for residential use, allowing the opportunity to convert the upper floors to residential use.
The property is located in a thriving area in Williamsburg Brooklyn and is ideal for an investor of medical facilities and/or for an investor looking for immediate cashflow with future conversion potential. The existing tenants have been operating in this location for over 15 years. The NOI is around $900,000 with 4% annual rent increases.
168 Havemeyer Street is an existing 10,549 SF, four-story medical office building on a 3,045 SF lot. With frontage on Havemeyer St and South 3rd Street, the building has medical related retail space on the two sides and medical office space on the upper floors. The property is fully leased with varying lease terms. Zoned R6, C1-3, the building has a 2.2 FAR for residential use, allowing the opportunity to convert the upper floors to residential use.
The property is located in a thriving area in Williamsburg Brooklyn and is ideal for an investor of medical facilities and/or for an investor looking for immediate cashflow with future conversion potential. The existing tenants have been operating in this location for over 15 years. The NOI is around $900,000 with 4% annual rent increases.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
10,549 SF
Building Class
C
Year Built
1950
NOI
£708,165
Tenancy
Single
Number of Floors
4
Typical Floor Size
3,045 SF
Building FAR
3.46
Lot Size
0.07 AC
Zoning
C1-3/R6 - Commercial district predominantly residential in character
Amenities
- Signage
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Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 02420-0030 | Improvements Assessment | £1,889,738 |
| Land Assessment | £99,143 | Total Assessment | £1,988,881 |
PROPERTY TAXES
Parcel Number
02420-0030
Land Assessment
£99,143
Improvements Assessment
£1,889,738
Total Assessment
£1,988,881
(718) 768-6888
x111
Contacts
-
Dan Marks -
Daniel Lebor -
Michael Hernandez -
Jackson O'Neill -
TerraCRG Brooklyn Commercial Real Estate
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Fully Occupied, Medical Bldg in Williamsburg | 168 Havemeyer St
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