Off Market Hotel For Sale in Brooklyn NY 10% cap
Hospitality | 54 Keys | $333,333/key
Marketing description
Exceptional Investment Opportunity in Williamsburg
Discover a rare asset in the heart of Williamsburg, Brooklyn—a vibrant, transit-oriented neighborhood with soaring demand for residential, hospitality, and mixed-use spaces. This well-maintained, Class B, five-story hospitality building offers approximately 17,834 sq ft of versatile space built in 2014, boasting modern interior corridors and a functional layout.
Previously operating as a hotel and later adapted as a homeless shelter, the property presents unique adaptive reuse potential. Its strategic location provides immediate access to major transit lines (L and G subway lines, plus bus routes), making it highly attractive for a range of uses including boutique hotel, residential apartments, office, or mixed-use development.
The lot’s zoning classification (M1-2 with R6A overlay) supports flexible development options, allowing for commercial or residential conversions subject to municipal approvals. This property represents a prime opportunity to capitalize on Williamsburg’s dynamic market, with strong neighborhood demand and proximity to essential transit infrastructure.
Investors and developers seeking a functional asset with growth potential in one of Brooklyn’s most desirable areas will find an ideal addition to their portfolio.
Investment highlights
Exceptional Investment Opportunity in Williamsburg – 10% CAP
Prime Transit-Connected Location: Immediate access to L and G subway lines and multiple bus routes ensures exceptional connectivity for residents, guests, or tenants.
Modern, Functional Asset: Built in 2014, the 5-story Class B building features contemporary interior corridors and well-maintained infrastructure.
Adaptive Use Flexibility: Proven history as both a hotel and a homeless shelter demonstrates the building’s versatility and potential for conversion into boutique hospitality, residential, office, or mixed-use developments.
Zoning Advantage: M1-2 zoning with R6A overlay allows for mixed commercial and residential development possibilities, offering significant upside pending municipal approvals.
Dynamic Neighborhood: Located in Williamsburg, one of Brooklyn’s fastest-growing and most sought-after neighborhoods, benefiting from robust demand in residential, retail, and hospitality sectors.
Value Creation Potential: Opportunity to reposition the property to meet evolving market demands, capitalize on zoning flexibility, and leverage transit accessibility for enhanced asset value.
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