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298 Weirfield Street, Brooklyn, NY, 11237

5-Building Free-Market Portfolio
$7,950,000

Key Information

$ per SF
$498
Tot. SF
15,953
$ per unit
$530,000
Units
15
Type
Multifamily

Highlights

  • Free Market Portfolio: All 15 units are 100% free market with no history of rent stabilization, offering maximum rental flexibility.
  • Significant Air Rights: 5,600 SF of available air rights across the portfolio provides potential for future expansion.
  • Protected Tax Class 1: Predictable tax exposure due to Class 1 designation, reducing risk of unexpected tax increases.
  • Turn-Key Cash Flow: Fully leased portfolio with strong collections, providing immediate and stable income.
  • Desirable Layouts: All floor-through units with attractive layouts, enhancing tenant appeal and retention.
  • Transit-Oriented Locations: All five properties are within five avenues and near L, J, Z, M, A, and C subway lines.
  • Cohesive Portfolio: All five properties are located within close proximity in Bushwick, Brooklyn, streamlining management.
  • Upside in Rent Roll: Average rent is $50/SF, with potential for increases and further value-add.
  • Owner-User Potential: Properties are available separately or as a package, offering flexibility for investors or owner-users.
  • Predictable Expenses: Portfolio benefits from protected tax class and stable operating expenses.

Photos

Location

Agents

Broker of Record

Cory Rosenthal

License # 10991237833, 10311210106 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203