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EXCLUSIVE OFFERING MEMORANDUM SOUTH 9TH STREET 75 WWW.BRG-CRE.COM | 718.360.8801 BROOKLYN, NY 11249

EXCLUSIVE OFFERING MEMORANDUM · Bestreich Realty Group (BRG) has been exclusively retained to sell 75 South 9th Street (Block: 02136, Lot: 0031) located between Wythe Avenue and

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Page 1: EXCLUSIVE OFFERING MEMORANDUM · Bestreich Realty Group (BRG) has been exclusively retained to sell 75 South 9th Street (Block: 02136, Lot: 0031) located between Wythe Avenue and

EXCLUSIVE OFFERING MEMORANDUM

SOUTH 9TH STREET75WWW.BRG-CRE.COM | 718.360.8801

BROOKLYN, NY 11249

Page 2: EXCLUSIVE OFFERING MEMORANDUM · Bestreich Realty Group (BRG) has been exclusively retained to sell 75 South 9th Street (Block: 02136, Lot: 0031) located between Wythe Avenue and

The information provided herein has either been given to us by the owner of the property or was obtained from sources we deem reliable. We do not guarantee the accuracy of any information. All zoning, existing square feet of buildings, available buildable square feet, permitted uses or any other information provided herein must be independently verified. The value of any real estate investment is dependent upon a variety of factors including, but not limited to, income, vacancy rates, expense estimates, tax brackets and general market assumption, all of which should be evaluated by your tax advisor and/or legal counsel. Prospective buyer(s) should carefully verify each item of information herein; there can be no guarantee that the enclosed information is accurate or that the subject property will sell for the suggested asking price. The estimates and assumptions provided herein are based on the subject property containing no environmental contamination.

CONFIDENTIALITY & DISCLAIMER

Page 3: EXCLUSIVE OFFERING MEMORANDUM · Bestreich Realty Group (BRG) has been exclusively retained to sell 75 South 9th Street (Block: 02136, Lot: 0031) located between Wythe Avenue and

Derek Bestreich718.360.8802

Luke Sproviero718.360.8803

Donal Flaherty718.360.8823

Hakeem Lecky718.360.8835

Corey Haynes718.360.1942

PROPERTY PHOTOS

Page 4: EXCLUSIVE OFFERING MEMORANDUM · Bestreich Realty Group (BRG) has been exclusively retained to sell 75 South 9th Street (Block: 02136, Lot: 0031) located between Wythe Avenue and

OFFERING PRICE

$3,500,000

PROPERTY VALUATION

LISTING METRICS

25.42 ft x 121.67 ft IRRLot Dimensions Zoning

R6

2.2 7,524

$465

FAR Total Buildable SF

Price/BSF

Page 5: EXCLUSIVE OFFERING MEMORANDUM · Bestreich Realty Group (BRG) has been exclusively retained to sell 75 South 9th Street (Block: 02136, Lot: 0031) located between Wythe Avenue and

Derek Bestreich718.360.8802

Luke Sproviero718.360.8803

Donal Flaherty718.360.8823

Hakeem Lecky718.360.8835

Corey Haynes718.360.1942

PROPERTY DESCRIPTION

Bestreich Realty Group (BRG) has been exclusively retained to sell 75 South 9th Street (Block: 02136, Lot: 0031) located between Wythe Avenue and Berry Street in the Williamsburg section of Brooklyn. The property features 4 units, currently occupying with month to month tenants and offers 3,786 square feet of additional air rights. The property is built 24.67 ft x 45 ft, with a 24 ft x 17 ft extension on the ground floor, offering approximately 3,738 square feet. The irregular lot measures 25.42 ft x 121.67 ft and is zoned R6. With a max FAR of 2.2, the property offers approximately 7,524 buildable square feet, allowing a developer to add an additional 4 units.

This property is located near the J and M subway lines and the South Williamsburg Ferry, offering quick and easy access to Manhattan. 75 South 9th Street is within walking distance to an array of strong retail along Broadway and is near the waterfront. With quick access to Manhattan, it has gained favor among renters hoping to live in the boroughs. Williamsburg is rapidly becoming one of the most sought after real estate markets for both retail and residential focused investors. The subject offering provides a new owner with the opportunity to acquire a building with additional air rights in a desirable neighborhood.

Page 6: EXCLUSIVE OFFERING MEMORANDUM · Bestreich Realty Group (BRG) has been exclusively retained to sell 75 South 9th Street (Block: 02136, Lot: 0031) located between Wythe Avenue and

Subway stations within 5-10 min walk

9 minute (0.5 miles) walk to

TRANSPORTATION

Page 7: EXCLUSIVE OFFERING MEMORANDUM · Bestreich Realty Group (BRG) has been exclusively retained to sell 75 South 9th Street (Block: 02136, Lot: 0031) located between Wythe Avenue and

Derek Bestreich718.360.8802

Donal Flaherty718.360.8823

Luke Sproviero718.360.8803

Hakeem Lecky718.360.8835

For more information about this exclusive listing, please contact:

brg_cre BRG | Bestreich Realty Group

Corey Haynes718.360.1942