Investment Highlights

• 11-unit walk-up building on the north side of Frost Street between Union Avenue and Lorimer Street
• Unit mix consists of one 1 bedroom unit and ten studio apartments
• The 1 bedroom unit is rent controlled and the studio units are rent stabilized
• The ten studio units were recently renovated with condo-quality finishes and each feature an in-unit washer and dryer
• One of the ground-floor units features an expansive private backyard, a highly desirable amenity in the neighborhood
• Rent controlled unit offers future upside through eventual conversion to market-rate rent or potential renovation for owner occupancy
• Fully electric building with individual hot water heaters and 100-amp service to each apartment, eliminating gas and oil for simplified, efficient operations
• Protected Tax Class 2A - limits property tax increases year over year
• The property offers long-term condominium conversion potential
• Prime Williamsburg location just two blocks from McCarren Park and within a few blocks of the Lorimer Street L and Metropolitan Avenue G train stations, providing convenient access throughout Brooklyn and swift connectivity to Manhattan