$3,099,000
Updated 4 years ago
Off Market

The Mont Rose

122 Boerum Street

East Williamsburg, Brooklyn | Manhattan Ave & Graham Ave

24 Rooms8 Beds8 Baths6,875 Square FeetIncome Property

$3,099,000
floors / apts4 / 8
Lot Size25'x100'
ZoneR6
Building TypeLow-Rise
RE Taxes$1,548
Price Per SF
$451

Outdoor space and views

  • Balcony
  • Garden

Building Amenities

  • Voice Intercom

Property Description for 122 Boerum Street

122 Boerum Street is a well maintained, 8-unit multifamily building with 10 years remaining on the tax abatement. It is set on a 25x100 lot with R6 zoning. This four story building features 8 spacious one bedroom / one bathroom apartments, including some with private outdoor space. It is currently 100% occupied. Easy commute to Manhattan via the J, M, G, and L train lines, all within a short walking distance. Ideally located near amazing restaurants, bars, coffee shops, vintage stores that characterize Williamsburg. Net operating income for 2022 is expected to be ~$190,000, 6.14% CAP rate. NOI for 2023 expected to be $209,000~ (6.74% CAP) Please email for more details and building setup.

Listing History for 122 Boerum Street

Now
12/06/2022
TOM by Eugene Liu
Compass
08/16/2022
$3,099,000 [-$151,000] [4.6%]
Price Drop by Eugene Liu
Compass

Building Details for 122 Boerum Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built2006
Floors/Apts4/8
Learn More About the Building

Transit and Citi Bike

Subway

Lorimer St
0.22 miles
Montrose Av
0.26 miles
Broadway
0.33 miles
Flushing Av
0.4 miles
Grand St
0.47 miles

Citi Bike

Leonard St & Boerum St
0.13 miles
Seigel St & Humboldt St
0.18 miles

Contact Agent

Contact Agent

Eugene Liu
Compass

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: 86255TH