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Alpha Realty Markets Williamsburg Rentals
Alpha Realty has been retained to arrange the sale of 265 South 2nd St., a residential property in the Williamsburg neighborhood of Brooklyn. The firm’s Lev Mavashev and his team are spearheading the assignment.
Built in 1914, the six-story building totals 35 units and 24,200 square feet. The asking price of $17,000,000 represents a cap rate of 5.3%.
All 35 apartments were fully gut-renovated in 2015 and upgraded with building amenities. They include a laundry room, a virtual doorman and a rooftop deck.
This asset is 100% free-market, and presents significant long-term upside potential due to below market rents. Located a short walk from both the Marcy Avenue and Metropolitan Avenue subway stations, it provides easy access to the J, M, C and G trains.
- ◦Sale