Rarely does an opportunity come to own a luxury turnkey cash flowing goldmine in the heart of Williamsburg. 251-253 North 8th Street is a package deal of two contiguous buildings with a total of 16 units located in coveted Williamsburg, Brooklyn. The properties are approximately 13,000 SF containing a mixture of one, two and three bedroom apartments. Buildings dimensions are 50' x 65' and sprawling.
The building is an absolute trophy property, breathtaking and just received a massive upgrade on its impressive 11 free market apartments. Apartment features ranging from recessed lighting, in unit laundry, dishwashers, quartz countertops, custom chefs kitchens, HVAC, luxury finishes and more.
The property offers an excellent opportunity for investors to be a part of a cash flowing gem with approx $837K gross income and incredible upside in the heart of Williamsburg. The neighborhood provides residents with an abundance of cultural institutions, restaurants, Brooklyn waterfront, shops and more. Perfectly located just steps from the Bedford L train and Brooklyn waterfront.
Assessed Value is a combination of the land and additions.
2024
$8,663
(+3.21%)
$929,700
Land 8,100 +
Additions 921,600
2023
$8,394
(+10.07%)
$863,100
Land 8,100 +
Additions 855,000
2022
$7,626
(+8%)
$989,550
Land 8,100 +
Additions 981,450
2021
$7,061
(+6.21%)
$791,550
Land 8,100 +
Additions 783,450
2020
$6,649
(-1.1%)
$868,500
Land 8,100 +
Additions 860,400
2019
$6,723
(+10.53%)
$868,500
Land 8,100 +
Additions 860,400
2017
$6,082
$51,646
Land 527 +
Additions 51,119
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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