66 South 6th Street

Williamsburg   |   Wythe Avenue & Berry Street

Price Drop
Building For Sale
$ 2,998,000 [ 6.31% | $ 202,000 ]
Ownership Multi-Family
Lot Size 25'x103'
Floors/Apts 4/4
Status Active
Real Estate Taxes [Per Annum] $ 3,393
Building Type Townhouse
Building Size 20'x30'
Year Built 1899
ASF/ASM 3,000/279
Listing ID: 44037TH

Property Description

Introducing 66 South 6th Street, an Astounding Mixed Use & Commercial Development Opportunity in the mecca of South Williamsburg! This Four Unit Free Market Masonry Building is calling for all developers, users and/or long investors seeking to realize long-term value and high income potential.

Build your dream mixed-use, commercial, and/or residential masterpiece on this expansive 25.33' X 103' lot with C4-3 Zoning! 3.4 Commercial FAR allows for 8,871 SF ($338/bSF) mixed used/commercial and 2.43 Resi FAR allows for 6,340 SF residential new development (to be verified). Tailored for Luxury Condos or Rentals where sales nearby exceed $1,400 PPSF, retail rents eclipsing $80 PPSF & residential rents are well over $60 PPSF. A full commercial use with retail + creative office can also be feasible. Located in an Opportunity Zone!

The existing property is 20? wide, +/- 3,000 SF semi-detached classic prewar brick townhouse with an existing rent roll (under-market) of $126k/year ($10,500/pm). It's comprised of well-maintained 1.5-2 bedroom full-floor free market residential units, cellar and massive rear yard. Current Tax Class 1 allows for low annual taxes.

Enjoy the convenience and comforts of riverfront living in close proximity to some of the top restaurants in New York City located on the Southside of Williamsburg: Peter Luger Steakhouse, Meadowsweet, Diner, Marlow & Sons, Patrizia?s of Brooklyn, Barano, Motorino. City Acres gourmet supermarket is two blocks way and right down Kent is the East River Ferry, nearby transportation also includes J, M, Z subway lines on Marcy Ave and the bike/pedestrian path on the Williamsburg Bridge.

The redevelopment and transformation of the Southside riverfront offers tremendous upside! Over 20,000 SF of new retail space and a brand new waterfront esplanade is located at 420 Kent, while the new Domino Park (designed by the lead architects of Manhattan's High Line) is merely a few blocks north! Kent?s promenade will add to the communal boardwalk stretching from Greenpoint all the way to Dumbo, over 77,000 SF -- Build & Settle in the new center of Brooklyn!

Introducing 66 South 6th Street, an Astounding Mixed Use & Commercial Development Opportunity in the mecca of South Williamsburg! This Four Unit Free Market Masonry Building is calling for all developers, users and/or long investors seeking to realize long-term value and high income potential.

Build your dream mixed-use, commercial, and/or residential masterpiece on this expansive 25.33' X 103' lot with C4-3 Zoning! 3.4 Commercial FAR allows for 8,871 SF ($338/bSF) mixed used/commercial and 2.43 Resi FAR allows for 6,340 SF residential new development (to be verified). Tailored for Luxury Condos or Rentals where sales nearby exceed $1,400 PPSF, retail rents eclipsing $80 PPSF & residential rents are well over $60 PPSF. A full commercial use with retail + creative office can also be feasible. Located in an Opportunity Zone!

The existing property is 20? wide, +/- 3,000 SF semi-detached classic prewar brick townhouse with an existing rent roll (under-market) of $126k/year ($10,500/pm). It's comprised of well-maintained 1.5-2 bedroom full-floor free market residential units, cellar and massive rear yard. Current Tax Class 1 allows for low annual taxes.

Enjoy the convenience and comforts of riverfront living in close proximity to some of the top restaurants in New York City located on the Southside of Williamsburg: Peter Luger Steakhouse, Meadowsweet, Diner, Marlow & Sons, Patrizia?s of Brooklyn, Barano, Motorino. City Acres gourmet supermarket is two blocks way and right down Kent is the East River Ferry, nearby transportation also includes J, M, Z subway lines on Marcy Ave and the bike/pedestrian path on the Williamsburg Bridge.

The redevelopment and transformation of the Southside riverfront offers tremendous upside! Over 20,000 SF of new retail space and a brand new waterfront esplanade is located at 420 Kent, while the new Domino Park (designed by the lead architects of Manhattan's High Line) is merely a few blocks north! Kent?s promenade will add to the communal boardwalk stretching from Greenpoint all the way to Dumbo, over 77,000 SF -- Build & Settle in the new center of Brooklyn!


Listing Courtesy of The Corcoran Group

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Apartment Features

A/C
66 South 6th Street Williamsburg Brooklyn NY 11211

Building Details [66 South 6th Street]

Ownership Multi-Family
Service Level Voice Intercom
Access Walk-up
Block/Lot 2470/11
Building Size 20'x30'
Zoning C4-3
Building Type Townhouse
Year Built 1899
Floors/Apts 4/4
Lot Size 25'x103'

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Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.