176 Meserole Street | 176 Meserole St
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176 Meserole Street 176 Meserole St
8 Unit Block of Flats For Sale Brooklyn, NY 11206
Investment Highlights
- 25’ x 45’ Brick 8-Unit Building on a 25’ x 100’ Lot | ±4,500 SF Above Grade
- 2 Rent-Stabilized Units Delivered Vacant | 6 Free Market Units with Rental Upside
- Finished Basement, Renovated Units with Modern Kitchens, Stainless Steel Appliances, and Hardwood Floors
- ±1,575 SF of Unused Air Rights | Zoned R6 | Potential for Expansion or Substantial Rehabilitation
- Turn-Key, Cash-Flowing Asset | Favorable 2B Tax Class for Long-Term Stability
- Prime Williamsburg Location | Steps from the Montrose Avenue L Train and Cooper Park
Executive Summary
Matrix Property Group is pleased to exclusively offer for sale 176 Meserole Street, an 8-unit, 4-story walk-up apartment building located between Humboldt Avenue and Graham Avenue in Williamsburg, Brooklyn — one of Brooklyn’s most desirable areas.
Offered for the first time in nearly 40 years, this meticulously maintained, turnkey, cash-flowing asset generates strong in-place income and presents value-add potential in the below-market units and a renovation strategy. The property benefits from a favorable 2B tax class, capping annual tax increases and ensuring long-term financial stability.
The building spans 4,500 square feet and consists of 8 one-bedroom units, including 6 free-market units and 2 rent-stabilized units, both delivered vacant. Amenities include a common roof deck, free wi-fi, and laundry facilities in the basement at no extra charge. Recent renovations throughout the apartments feature updated kitchens and bathrooms, stainless steel appliances, upgraded fixtures, hardwood floors, video intercom system with fob access, and a newly renovated building entryway.
The property sits on a 25' x 100' lot with 25' x 45' building dimensions and is zoned R6, offering 1,575 square feet of unused air rights. There is potential to extend the building’s rear and reconfigure the existing units through a substantial renovation strategy, increasing rentable square footage, with the possibility of de-regulation, subject to independent review.
176 Meserole Street is ideally located just a short walk from the L train station, providing easy access to Manhattan and other parts of Brooklyn. The property is also near popular destinations like Cooper Park, McCarren Park, and a vibrant selection of restaurants, bars, and nightlife, making it highly attractive to renters seeking.
Please contact Edan Cohen at Matrix Property Group for additional information.
Offered for the first time in nearly 40 years, this meticulously maintained, turnkey, cash-flowing asset generates strong in-place income and presents value-add potential in the below-market units and a renovation strategy. The property benefits from a favorable 2B tax class, capping annual tax increases and ensuring long-term financial stability.
The building spans 4,500 square feet and consists of 8 one-bedroom units, including 6 free-market units and 2 rent-stabilized units, both delivered vacant. Amenities include a common roof deck, free wi-fi, and laundry facilities in the basement at no extra charge. Recent renovations throughout the apartments feature updated kitchens and bathrooms, stainless steel appliances, upgraded fixtures, hardwood floors, video intercom system with fob access, and a newly renovated building entryway.
The property sits on a 25' x 100' lot with 25' x 45' building dimensions and is zoned R6, offering 1,575 square feet of unused air rights. There is potential to extend the building’s rear and reconfigure the existing units through a substantial renovation strategy, increasing rentable square footage, with the possibility of de-regulation, subject to independent review.
176 Meserole Street is ideally located just a short walk from the L train station, providing easy access to Manhattan and other parts of Brooklyn. The property is also near popular destinations like Cooper Park, McCarren Park, and a vibrant selection of restaurants, bars, and nightlife, making it highly attractive to renters seeking.
Please contact Edan Cohen at Matrix Property Group for additional information.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 8 | Lot Size | 0.06 AC |
| Property Type | Residential | Building Size | 4,500 SF |
| Property Subtype | Apartment | Number of Floors | 4 |
| Apartment Style | Mid Rise | Year Built | 1920 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 4,500 SF |
| Number of Floors | 4 |
| Year Built | 1920 |
Site Amenities
- Laundry Facilities
- Community-Wide Wi-Fi
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
Walk Score ®
Walker's Paradise (96)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 03053-0014 | Improvements Assessment | £448,579 |
| Land Assessment | £4,929 | Total Assessment | £453,508 |
PROPERTY TAXES
Parcel Number
03053-0014
Land Assessment
£4,929
Improvements Assessment
£448,579
Total Assessment
£453,508
zoning
| Zoning Code | R6 (Medium density residential zoning district. 1,575 SF of Unused Air Rights for Expansion.) |
| R6 (Medium density residential zoning district. 1,575 SF of Unused Air Rights for Expansion.) |
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176 Meserole Street | 176 Meserole St
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