Updated 3 months ago
Sold
66 South 6th Street
Williamsburg, Brooklyn | Park Ave & Myrtle Ave
Condo
$2,750,000
floors / apts5 / 7
Lot Size25'x103'
Built Size20'x40'
ZoneC4-3
Building TypeLow-Rise
This property was sold for $2,750,000 on 07/27/22.
Listing Features
- Gas Heat
Outdoor space and views
- Partial City
Building Amenities
- Video Intercom
- Elevator
- Roof Deck
Property Description for 66 South 6th Street
Introducing 66 South 6th Street, an Astounding Mixed Use & Commercial Development Opportunity in the mecca of South Williamsburg! This Four Unit Free Market Masonry Building is calling for all developers, users and/or long investors seeking to realize long-term value and high income potential.
Build your dream mixed-use, commercial, and/or residential masterpiece on this expansive 25.33' X 103' lot with C4-3 Zoning! 3.4 Commercial FAR allows for 8,871 SF ($338/bSF) mixed used/commercial and 2.43 Resi FAR allows for 6,340 SF residential new development (to be verified). Tailored for Luxury Condos or Rentals where sales nearby exceed $1,400 PPSF, retail rents eclipsing $80 PPSF & residential rents are well over $60 PPSF. A full commercial use with retail + creative office can also be feasible. Located in an Opportunity Zone!
The existing property is 20? wide, +/- 3,000 SF semi-detached classic prewar brick townhouse with an existing rent roll (under-market) of $126k/year ($10,500/pm). It's comprised of well-maintained 1.5-2 bedroom full-floor free market residential units, cellar and massive rear yard. Current Tax Class 1 allows for low annual taxes.
Enjoy the convenience and comforts of riverfront living in close proximity to some of the top restaurants in New York City located on the Southside of Williamsburg: Peter Luger Steakhouse, Meadowsweet, Diner, Marlow & Sons, Patrizia?s of Brooklyn, Barano, Motorino. City Acres gourmet supermarket is two blocks way and right down Kent is the East River Ferry, nearby transportation also includes J, M, Z subway lines on Marcy Ave and the bike/pedestrian path on the Williamsburg Bridge.
The redevelopment and transformation of the Southside riverfront offers tremendous upside! Over 20,000 SF of new retail space and a brand new waterfront esplanade is located at 420 Kent, while the new Domino Park (designed by the lead architects of Manhattan's High Line) is merely a few blocks north! Kent?s promenade will add to the communal boardwalk stretching from Greenpoint all the way to Dumbo, over 77,000 SF -- Build & Settle in the new center of Brooklyn!
Listing History for 66 South 6th Street
Now
07/27/2022
$2,750,000
Sold and Closed by Marvin Chu
Corcoran
01/29/2022
Contract Signed by Marvin Chu
Corcoran
Building Details for 66 South 6th Street
OwnershipCondo
Building TypeLow-Rise
Service LevelVideo Intercom
AgePost-War
AccessElevator
Year Built2024
Financing Allowed90%
Floors/Apts5/7
Transit and Citi Bike
Subway
Marcy Av
0.48 miles
Citi Bike
Broadway & Berry St
0.07 miles
S 4 St & Wythe Ave
0.12 miles
Ferry
South Williamsburg
0.28 miles
Williamsburg | Brooklyn
Quick Profile
Equal parts family-friendly and millennial haven/nightlife destination, Williamsburg offers the best of all worlds. Whether by night or by day, the ‘Burg has endless options for every type of personality and interest--which has only increasingly become the case after the neighborhood was rezoned in 2005. With the floodgate opened for more varied types of businesses, Williamsburg saw one of the highest rates of development in the past decade than any other part of Brooklyn.
Referred to as “Little Berlin” for its late night and club-oriented nature, Williamsburg works as hard as it plays. Apart from the Clubland concentrated around Wythe Avenue, there is also a slew of offices (like 25 Kent Avenue, a sprawling eight-floor, 500,000-square foot waterfront building) and co-working spaces such as WeWork, The Yard and Green Desk that make it an ideal location for the corporate-, startup- and tech-oriented set.
With more offices setting their sights on this part of Brooklyn, it only makes sense that more people want to live close to where they work. Apart from your average walk-up apartment, W-burg has famously become home to numerous condos along the waterfront that continue to grow and expand in concert with the businesses and corporate hubs that have entered the environment.
Even with its many and undeniable changes, however, Williamsburg remains an arts-friendly community, particularly with regard to music and literature. While DIY spaces have come and gone, certain staples have persisted to become institutions that still provide a place for up and coming musicians to perform. On the literary front, long-standing indie bookstores like Spoonbill and Sugartown and Book Thug Nation have paved the way for others to cross the river, namely McNally Jackson Books.
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: 44037TH
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