

119 Berry Street
Multifamily | 12 Units | $150,000/unit
Marketing description
PRIME WILLIAMSBURG RETAIL & RESIDENTIAL CORRIDOR
Positioned along Berry Street in the heart of Williamsburg, one of Brooklyn’s most sought-after mixed-use corridors, benefiting from exceptional foot traffic, strong demographics, and sustained tenant demand. Surrounded by Global Luxury & Performance Retailers Immediate proximity to Williamsburg’s premier high-fashion and lifestyle retail corridor, with Hermès, Chanel, Lululemon, Nike and Veja all located a block away, underscores its status as a world-class shopping destination.
ATTRACTIVE SCALE FOR BOUTIQUE INVESTMENT OR END USER
Approximately 5,250 SF across 12 units, offering a manageable asset size well-suited for private investors, family offices, or owner- users seeking exposure to Williamsburg at a compelling basis.
SIGNIFICANT IN-PLACE AND PRO FORMA UPSIDE
The property features substantial embedded upside through the roll-off of preferential rents and the ability to optimize in-place income. Pro forma projections demonstrate meaningful NOI growth through lease-up and rent reversion, driving cap rate expansion to approximately 6.4% and enhancing both long-term cash flow and exit optionality.
PROXIMITY TO WATERFRONT & MAJOR INFRASTRUCTURE INVESTMENT
Steps from the Williamsburg waterfront and the Bushwick Inlet Park expansion, a transformative public investment that continues to elevate residential values and retail demand in North Brooklyn.
Investment highlights
Prime Williamsburg Multifamily Building with 12 Units + Backhouse
• Built 25’ x 45’ on G round Floor | 25' x 25' Backhouse | 5,250 SF
• Significant Upside in Preferential | Building into 6.4% Return
• Positioned next to world-class high-end fashion brands: Hermes, Chanel, Lululemon, Google, Nike
• Tax Class 2B | $11,476 Annually
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