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429 Wythe Ave
Brooklyn, NY 11249
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Fully vacant five-unit mixed-use building with recent renovations.
- Located steps from Domino Park, premier dining, and boutique retail.
- Protected Tax Class 2A limits property tax increases annually.
- Residential units feature private elevator access and modern layouts.
- Highly visible corner site with strong pedestrian and transit access.
- Short walk to J, M, and Z subway lines at Marcy Avenue station.
Executive Summary
• 5 unit mixed use elevator building located on the southeast corner of Wythe Avenue and South 8th Street
• Unit mix consists of 1 retail unit on the ground floor, 1 office unit on the 2nd floor, and 3 5 bed/2 bath residential units on the 3rd, 4th and 5th floors
• Entire building delivered vacant
• The building was recently renovated and each residential unit is a full floor floor with private elevator access
• Protected Tax Class 2A - limits property tax increases year over year
• Located in a highly desireable Williamsburg, in close proximity to Domino Park, world class restaurants and nightlife
• Walking distance to the Marcy Ave Subway Station providing access to the J,M & Z lines
• Unit mix consists of 1 retail unit on the ground floor, 1 office unit on the 2nd floor, and 3 5 bed/2 bath residential units on the 3rd, 4th and 5th floors
• Entire building delivered vacant
• The building was recently renovated and each residential unit is a full floor floor with private elevator access
• Protected Tax Class 2A - limits property tax increases year over year
• Located in a highly desireable Williamsburg, in close proximity to Domino Park, world class restaurants and nightlife
• Walking distance to the Marcy Ave Subway Station providing access to the J,M & Z lines
Property Facts
| Price Per Unit | $1,390,270 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.03 AC |
| Sale Condition | High Vacancy Property | Building Size | 7,800 SF |
| No. Units | 5 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | R6 - Medium-density residential; permits multifamily apartment buildings. | ||
| Price Per Unit | $1,390,270 CAD |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.03 AC |
| Building Size | 7,800 SF |
| No. Stories | 5 |
| Year Built | 1910 |
| Opportunity Zone |
Yes |
| Zoning | R6 - Medium-density residential; permits multifamily apartment buildings. |
Amenities
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 3 | - | - |
Property Taxes
| Parcel Number | 02136-0011 | Improvements Assessment | $1,199,942 CAD |
| Land Assessment | $141,390 CAD | Total Assessment | $1,341,332 CAD |
Property Taxes
Parcel Number
02136-0011
Land Assessment
$141,390 CAD
Improvements Assessment
$1,199,942 CAD
Total Assessment
$1,341,332 CAD
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