South Williamsburg Residential Portfolio

431-433 Wythe Avenue, 310 South 4th Street, 313 South 4th Street , Brooklyn, NY 11211

Upland Property Advisors, as exclusive agent, is pleased to offer for sale the fee simple interest in a portfolio of four South Williamsburg apartment buildings located at 431-433 Wythe Avenue, 310 South 4th Street, and 313 South 4th Street. The well-maintained, fully-leased portfolio presents an attractive low-risk investment profile with significant opportunities to grow rents. This upside can be unlocked through target cosmetic renovations and through mark-to-market opportunities in this fashionable and rapidly appreciating Brooklyn neighborhood.

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Highlights

  • Coveted Neighborhood Williamsburg Brooklyn is one of the most rapidly gentrifying neighborhoods in New York City, providing the vibrancy, convenience, and lifestyle amenities sought by the young professionals driving the current surge in New York City residential rents.
  • Ideal Investment Profile The portfolio is fully leased and cash flowing, with virtually no downside risk.
  • Attractive Buildings All four of the buildings in the portfolio are attractive and well-maintained, presenting an historic aesthetic that appeals precisely to the young, hip residents of South Williamsburg.
  • Market Rate Units 27 of the portfolios 33 units are fair market, allowing an investor to capture market gains on an annual basis a critical advantage, given the rapidly rising rents in the district.
  • Favorable Tax Treatment Three of the four buildings are Tax Class 2B, limiting real estate tax increases and thus protecting cash flow growth.
  • Increasing Rents Year-over year average apartment rents increased 34.2% in Williamsburg, more than any other Brooklyn neighborhood one-bedroom apartments are now renting for more than $3,600 per month on average in Williamsburg.
  • South Williamsburg Advantage While the gentrification of North Williamsburg is nearing maturity, South Williamsburg remains authentic and relatively affordable strong residential demand, with significant additional rent growth.
  • Development Boom Developers are moving aggressively into South Brooklyn, with recent major developments in immediate proximity to all four of the portfolios buildings, elevate the stature of the location and driving additional rent growth within the portfolio.

Contacts

broker

YOAV OELSNER

(646) 908-4990

broker

GLENN TOLCHIN

(646) 908-4989

Location

Getting Around

  • Walk Score ®

    97/100 Walker's Paradise

  • Transit Score ®

    100/100 Rider's Paradise

  • Bike Score ®

    93/100 Biker's Paradise
Powered by Walk Score ®
  • City Brooklyn, NY
  • Neighborhood Williamsburg
  • Zip Code 11211
  • Market Brooklyn

Points of Interest

  • Marcy Avenue

    0.15 miles

  • Hewes Street

    0.19 miles

  • Metropolitan Avenue

    0.33 miles

  • Broadway

    0.34 miles

  • Lorimer Street

    0.42 miles

  • Lorimer Street

    0.55 miles

  • Bedford Avenue

    0.57 miles

  • Bedford Av Subway Station L line

    0.60 miles

  • Flushing Avenue

    0.66 miles

  • Graham Avenue

    0.67 miles

  • BP

    0.40 miles

  • BP

    0.70 miles

  • ChargePoint

    0.70 miles

  • Citgo

    0.71 miles

  • Shell

    0.85 miles

  • Tesla Supercharger

    0.88 miles

  • Sunoco

    0.97 miles

  • BP

    1.07 miles

  • Citgo

    1.09 miles

  • Emporium

    1.10 miles

  • NYPD Brooklyn Tow Pound

    1.40 miles

  • Sunny

    1.53 miles

  • Park Kwik

    1.68 miles

  • MPG

    1.74 miles

  • Car Park Systems

    1.84 miles

  • Delancey & Essex Municipal Garage

    1.87 miles

  • Village View Parking Area 3

    1.90 miles

  • Cielo Garage

    1.90 miles

  • MMP Parking LLC

    1.92 miles

  • Skyport

    2.05 miles

  • Hotel Indigo

    0.33 miles

  • The Pod

    0.46 miles

  • McCarren Hotel & Pool

    0.81 miles

  • Hoxton

    0.82 miles

  • The Williamsburg Hotel

    0.87 miles

  • Wythe Hotel

    0.89 miles

  • The William Vale

    0.92 miles

  • New York Moore Hostel

    0.98 miles

  • New York Loft Hostel

    1.17 miles

  • Hotel Bogart Street, Brooklyn

    1.22 miles

  • Shalom Japan

    0.03 miles

  • Dough Vale

    0.06 miles

  • Mexico 2000

    0.11 miles

  • Lighthouse

    0.14 miles

  • Northerly Coffee

    0.18 miles

  • Have A Bagel

    0.18 miles

  • Checkers

    0.18 miles

  • Fried Chicken

    0.19 miles

  • Kabob Shack

    0.19 miles

  • McDonald's

    0.20 miles

  • Public School 19

    0.07 miles

  • Public School 319

    0.08 miles

  • Eastern District High School

    0.20 miles

  • Bnos Chayil

    0.21 miles

  • Talmud Torah of Kasho

    0.27 miles

  • Yeshiva Tzemach Tzadik Viznitz

    0.31 miles

  • Bnos Yakov School for Girls

    0.31 miles

  • Junior High School 50

    0.31 miles

  • Yeshiva Gedolah Ohr Yisroel

    0.32 miles

  • Mesivta Nachlas Yacov A Yerim

    0.33 miles

  • Williamsburg Northside Preschool

    0.51 miles

  • Our Children The Leaders of Tomorrow

    1.00 miles

  • Simcha Tots

    1.01 miles

  • ABC Child Center

    1.08 miles

  • Little Lola & Tots

    1.27 miles

  • Friends of Crown Heights Educational Center

    1.32 miles

  • Carousel Children's Center

    1.36 miles

  • Oasis Downtown Day Camp

    1.36 miles

  • The Child Study Center of New York

    1.40 miles

  • Mi Casita

    1.44 miles

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