$4,850,000
Updated 3 years ago
Off Market

138 Frost Street

East Williamsburg, Brooklyn | Manhattan Ave & Graham Ave

14 Rooms8 Beds4 Baths5,540 Square FeetMulti-Family

$4,850,000
floors / apts3 / 4
Lot Size50'x100'
Built Size22'x45'
ZoneR6B
Building TypeHouse
RE Taxes$7,170
Price Per SF
$875

Outdoor space and views

  • Backyard

Building Amenities

  • Driveway
  • Garage

Property Description for 138 Frost Street

Presenting a RARE Opportunity To Own a 50' x 100', 10,000 SF buildable at 136-138 Frost St. . Positioned in the core of East Williamsburg.

Classified as Four-Family Home (R6B), 138 Frost recently has had new boilers installed so each tenant has its own boiler. This is an unbelievable opportunity to develop 10,000 sq. ft. residential property. The MTA's Reversal of the planned L Train shutdown increases the potential upside for this offering.

138 Frost is located in the most desirable area of East Williamsburg, surrounded by restaurants, cafes, and retail shops. The Graham L & Lorimer G subway lines are all merely minutes away.

Bring your architect & engineer to realize the full potential of this unique opportunity! All measurements (including square footage and dimensions) should be independently verified by the buyer.


Listing History for 138 Frost Street

Now
08/25/2023
TOM by Cono Natale
Corcoran
2023

Building Details for 138 Frost Street

OwnershipMulti-Family
Building TypeHouse
AgePre-War
AccessWalk-up
Year Built1901
Floors/Apts3/4
Learn More About the Building

Transit and Citi Bike

Subway

Graham Av
0.25 miles
Lorimer St
0.34 miles
Metropolitan Av
0.45 miles
Grand St
0.5 miles

Citi Bike

Graham Ave & Withers St
0.09 miles
Graham Ave & Herbert St
0.11 miles

Contact Agent

Contact Agent

Cono Natale
Corcoran

East Williamsburg | Brooklyn

Quick Profile

East Williamsburg is a mixed industrial neighborhood in Brooklyn, with many working factories that make everything from beer and wontons to clothing and concrete. You are likely to hear screeching, pounding and the deep thump of industrial machinery throughout the day. East Williamsburg has become a haven for artists and musicians of every description, who are attracted to the large open loft spaces of the converted industrial buildings. The area has attracted a younger crowd of 20- and 30-somethings that are drawn by affordable rents and a generally lower cost of living.

There is a rich history of immigrants from Puerto Rico and Italy, and oddly enough, they chose to settle on opposite ends of Graham Avenue, with the Italians on the north and the Puerto Ricans on the south.

Housing in the area consists of mid-rise apartment buildings, row houses, and public housing complexes. There are also smaller multi-family apartment buildings available. Lofts are becoming more prevalent as the older, abandoned factory buildings come up for sale and are converted into residential properties. 

East Williamsburgfairly pulses with a creative vibe. There are unique shopping venues, numerous tiny coffee shops, interesting restaurants, and cafes, along with food trucks that frequent the area. The grocery stores are affordable and carry a wide variety of goods that appeal to the eclectic tastes of the neighborhood residents.

There is a vibrant bar scene, where you will find mostly local residents imbibing, so it is easy to make friends among your neighbors if you stop in frequently at your favorite watering hole. There are many interesting shops, bars and restaurants tucked in amongst the warehouses and factories. Many do not invest in elaborate signage, so it can be difficult to find some of the best spots. Keep an eye out for hand-painted signs on the sides of buildings with arrows pointing to nondescript, nearly invisible entrances.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 75803TH