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119 Berry St 12 Unit Apartment Building $2,455,632 CAD ($204,636 CAD/Unit) 5.70% Cap Rate Brooklyn, NY 11249
Investment Highlights
- Prime Williamsburg Multifamily Building with 12 Units + Backhouse
- Significant Upside in Preferential | Building into 6.4% Return
- Tax Class 2B | $11,476 Annually
- Built 25’ x 45’ on G round Floor | 25' x 25' Backhouse | 5,250 SF
- Positioned next to world-class high-end fashion brands: Hermes, Chanel, Lululemon, Google, Nike
Executive Summary
• 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.
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.
Property Facts
| Price | $2,455,632 CAD | Property Subtype | Apartment |
| Price Per Unit | $204,636 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.70% | Building Size | 5,250 SF |
| Gross Rent Multiplier | 10.2 | No. Stories | 3 |
| No. Units | 12 | Year Built | 1900 |
| Property Type | Multifamily | ||
| Zoning | R6B | ||
| Price | $2,455,632 CAD |
| Price Per Unit | $204,636 CAD |
| Sale Type | Investment |
| Cap Rate | 5.70% |
| Gross Rent Multiplier | 10.2 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,250 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | R6B |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 02319-0002 | Improvements Assessment | $1,539,401 CAD |
| Land Assessment | $10,481 CAD | Total Assessment | $1,549,881 CAD |
Property Taxes
Parcel Number
02319-0002
Land Assessment
$10,481 CAD
Improvements Assessment
$1,539,401 CAD
Total Assessment
$1,549,881 CAD
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119 Berry St
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