$3,150,000
175 Richardson Street, Brooklyn, NY 11222
Exclusive Investment Opportunity in Prime Williamsburg
Welcome to 175 Richardson Street--a brand new construction, exceptional investment opportunity nestled in the heart of Williamsburg, Brooklyn. This boutique, multi-story gem is a perfect blend of stability, tenant appeal, and prime location, making it a standout addition to any portfolio.
Featuring two free-market residential rental units and one retail space, this fully occupied property delivers immediate, steady cash flow with potential for growth as leases renew. Above the commercial space are two stylish residential apartments: spacious bedrooms, a sunlit living room, a sleek chef's kitchen, and a roomy living area. Both units include private outdoor spaces, perfect for unwinding in the heart of the city. With low operating expenses, this property achieves a solid 6.6% cap rate based on projected 2026 rents at the current asking price.
Nestled in one of Brooklyn's hottest rental markets, 175 Richardson Street combines unbeatable lifestyle perks with solid investment appeal. Steps from McCarren Park, trendy shops, vibrant dining, and excellent transit, it guarantees convenience and consistent renter demand.
Perfect for a 1031 exchange or as a long-term income asset, this property offers both stability and growth potential. Seize the chance to own a piece of Williamsburg's thriving real estate market!
Other Interior Features: High Ceilings, Recessed Lighting, Walk-In Closet(s)
Exterior & Building
Stories: 2
Air Conditioning: Central Air, Other
Other Exterior Features: Balcony, Building Roof Deck, Private Outdoor Space Over 60 Sqft
Financial
Sales Price: $3,150,000
Real Estate Tax: $8,592/yr
HOA Fees: $1/mo
175 Richardson Street
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