Check Availability
$5,000,000
↓ $100K (2%)
Commercial - For Sale

335 S 2nd Street

Williamsburg, NY 11211
bedrooms
Studio
bathrooms
0 Bath
$34,620
Estimated Monthly
$0
HOA / Fees
-1.99%
Cap Rate

About This Property

Calling All Investors, Developers & End-Users!!! 8.13 Cap 100% Occupied 25 Unit Mixed-Use Building In Williamsburg For Sale!!! The Building Features Excellent Signage, Great Exposure, 5 Stores, 6 Parking Spaces, High 10' Ceilings, Strong R6/C2-3 Zoning, Signalized Intersection,  (4) 3 Br. Apts., (8) 2 Br. Apts., (8) 1 Br., Full Basement, All New LED Lighting, 200 Amp, Power, CAC, +++!!! The Property Is Located In The Heart Of Williamsburg 1 Block Off I-278 & Just Minutes From The Williamsburg Bridge!!! Neighbors Include Starbucks, Peter Luger's Steak House, The Home Depot, Whole Foods Market, CubeSmart Self Storage, T-Mobile, Planet Fitness, Walgreens, Dunkin', Liberty Tax, Meineke Car Care Center, Trader Joe's, McDonald's, IHOP, +++!!! The Building Has 345+ Feet Of Wrap-Around Frontage On Busy S. 2nd Street, Borinquen Place & Keap Street!!! This Property Offers HUGE Upside Potential!!! This Could Make A Great Addition To Your Investment Portfolio Or Be The Next Home For Your Business!!!    Income:    Black Flamingo (Bar):  $120,000 Ann.; Lease Exp.: 2034; Pays 1/3 Of Taxes + 1/3 Of Water Bill.    Diaz Food Center (Grocery Store): $40,200 Ann.; Lease Exp.: 2031; $600 Ann. Inc.; Pays 1/3 Of Taxes + 1/3 Of Water Bill.    El Gran Canario (Restaurant): $69,600 Ann.; Lease Exp.:  2034; Pays 1/3 Of Taxes + 1/3 Of Water Bill.    Juice Bar & Lounge: $39,000 Ann.; Lease Exp.: 2032; Pays 1/3 Of Taxes + 1/3 Of Water Bill.    Beauty Salon: $21,600 Ann.; Lease Exp.: 2031; Pays 1/3 Of Taxes + 1/3 Of Water Bill.    Unit 2A: $16,500 Ann.     Unit 2B: $24,000 Ann.     Unit 2C: $22,200 Ann.     Unit 2D: $11,544 Ann.     Unit 2E: $10,152 Ann.     Unit 3A: $ 11,724 Ann.       Unit 3B: $18,444 Ann.     Unit 3C: $12,624 Ann.     Unit 3D: $17,880 Ann.     Unit 3E: $11,136 Ann.     Unit 4A: $9,240 Ann.     Unit 4B: $10,920 Ann.     Unit 4C: $18,444 Ann.     Unit 4D: $18,792 Ann.     Unit 4E: $9,816 Ann.     Unit 5A: $8,364 Ann.     Unit 5B: $21,000 Ann.     Unit 5C: $8,016 Ann.     Unit 5D: $15,240 Ann.     Unit 5E: $9,204 Ann.      Tax Rebate (Paid By The Stores): $40,636 Ann.    Water Rebate (Paid By The Stores): $10,392 Ann.      Expenses:    Oil: $34,987 Ann.     Electric: $3,142 Ann. (Common Area Only)    Maintenance & Repairs: $5,000 Ann.     Property Super: $5,000 Ann.     Insurance: $17,680 Ann.     Water: $31,442 Ann.     Taxes: $123,140 Ann.     Total Expenses: $220,391 Ann.     Current Gross Income: $626,668 Ann.    Net Operating Income (NOI): $406,277 Ann.  (8.13 Cap!!!)
Unit Size
-
Days on Market
76 days
Land Size
0.19 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$10,069
HOA Dues
-
Year Built
1926
Listed By
Richard Matt Shane
All Island Estates Realty Corp
Last updated: 10 days ago (OneKey MLS #ONE3531320)

Price History

Date / Event Date Event Price
Apr 19, 2024 Price Decreased $5,000,000
↓ $100K (2%)
Price Decreased
Apr 2, 2024 Price Decreased $5,100,000
↓ $288K (5.4%)
Price Decreased
Feb 12, 2024 Listed by All Island Estates Realty Corp $5,388,000
Listed by All Island Estates Realty Corp

Property Highlights

Exterior Details

Property Information

Square Footage : 20700
Property Type: Commercial Sale
Property Sub Type: Mixed Use
Year Built: 1926

Building Information

Building Area Units: Square Feet

Lot Information

Lot Size Acres: 0.19
Lot Size Square Feet: 8258
Lot Size Dimensions: 113x73.08
Financial Details
Tax Annual Amount: $120,825

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Townhouse
Stu
-
-
$5,000,000 Jan 3, 2018
$5,000,000 Mar 12, 2018
-
Townhouse
6 Beds
6 Baths
6,800 ft²
$691/ft²
$4,700,000 May 26, 2015
$4,700,000 Jan 20, 2016
$667/mo
Condo
3 Beds
3 Baths
4,043 ft²
$1,138/ft²
$4,600,000 Feb 15, 2023
$4,600,000 Apr 27, 2023
$1,310/mo
House
3 Beds
3 Baths
4,652 ft²
$989/ft²
$4,600,000 Sep 11, 2018
$4,600,000 May 10, 2019
-
Townhouse
14 Beds
14 Baths
6,500 ft²
$692/ft²
$4,500,000 May 5, 2022
$4,500,000 Aug 23, 2022
-
Multifamily
5 Beds
6 Baths
3,775 ft²
$1,166/ft²
$4,400,000 Apr 25, 2019
$4,400,000 Feb 27, 2020
-
House
Stu
-
-
$5,500,000 Oct 26, 2022
-
$940/mo
House
Stu
-
-
$4,500,000 Jul 5, 2023
-
$2,588/mo
Townhouse
4 Beds
4 Baths
-
$5,250,000 Oct 10, 2023
-
$246/mo
Multifamily
18 Beds
9 Baths
-
$5,200,000 Dec 6, 2023
-
$475/mo
Townhouse
4 Beds
4 Baths
4,000 ft²
$1,250/ft²
$5,000,000 Nov 21, 2023
-
$377/mo
Townhouse
5 Beds
5 Baths
-
$4,999,000 May 1, 2023
-
$1,690/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

335 South 2nd Street 335 South 2nd Street, Brooklyn, NY 11211
  • 25 Units
  • 1 Unit for Sale
More about this Building
335 South 2nd Street
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About Northern Brooklyn


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