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558 Sackett St
Brooklyn, NY 11217
Multifamily Property For Sale
·
34 Units
Executive Summary
Meridian Investment Sales is pleased to present the exclusive offering of 558 Sackett Street, a newly constructed
34-unit multifamily asset located in the heart of Brooklyn’s highly sought-after Boerum Hill / Gowanus corridor.
Completed in 2024, the property consists of an eight-story elevator building featuring a majority free-market unit
mix, offering investors a rare opportunity to acquire a modern, tax-advantaged asset with strong in-place rents and
continued lease-up upside. The offering provides investors with the opportunity to acquire a high-quality, income
producing asset with a 35-year 421a tax abatement in a supply-constrained, high-growth submarket.
34-unit multifamily asset located in the heart of Brooklyn’s highly sought-after Boerum Hill / Gowanus corridor.
Completed in 2024, the property consists of an eight-story elevator building featuring a majority free-market unit
mix, offering investors a rare opportunity to acquire a modern, tax-advantaged asset with strong in-place rents and
continued lease-up upside. The offering provides investors with the opportunity to acquire a high-quality, income
producing asset with a 35-year 421a tax abatement in a supply-constrained, high-growth submarket.
Property Facts
| Price Per Unit | $1,159,933 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.68% | Building Size | 26,917 SF |
| No. Units | 34 | No. Stories | 8 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | M14R6A - Light industrial with offices, hotels, and most retail uses permitted | ||
| Price Per Unit | $1,159,933 CAD |
| Sale Type | Investment |
| Cap Rate | 4.68% |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 26,917 SF |
| No. Stories | 8 |
| Year Built | 2025 |
| Opportunity Zone |
Yes |
| Zoning | M14R6A - Light industrial with offices, hotels, and most retail uses permitted |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Oven
- Sprinkler System
- Range
- Smoke Free
Site Amenities
- 24 Hour Access
- Fitness Center
- Roof Terrace
- Bicycle Storage
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 34 | - | - |
Property Taxes
| Parcel Number | 00433-0014 | Improvements Assessment | $4,013,469 CAD |
| Land Assessment | $482,636 CAD | Total Assessment | $4,496,105 CAD |
Property Taxes
Parcel Number
00433-0014
Land Assessment
$482,636 CAD
Improvements Assessment
$4,013,469 CAD
Total Assessment
$4,496,105 CAD
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