$3,250,000
Updated 2 years ago
Off Market

448 Humboldt Street

East Williamsburg, Brooklyn | Withers Street & Jackson Court

16 Rooms4 Beds4.5 Baths4,500 Square FeetMixed Use

$3,250,000
floors / apts3 / 4
Lot Size30'x60'
Built Size30'x50'
ZoneR6B
Building TypeLow-Rise
RE Taxes$9,695
Price Per SF
$722

Listing Features

  • High Ceilings
  • Original Details
  • Oversized Windows
  • Radiator
  • Window AC Units

Building Amenities

  • Garage

Property Description for 448 Humboldt Street

$19.7k a month Income! FREE MARKET! NO STABILIZATION

Super Low expenses!

Welcome to 448 Humboldt Avenue – a remarkable mixed-use building that presents an exceptional income-generating opportunity. This property boasts a perfect blend of versatility and potential, featuring four free market residential units along with a prime retail space as well as a vacant garage

The building is fully occupied with leases in place, generating tremendous income with SUPER low expenses

Situated in a vibrant neighborhood, 448 Humboldt Avenue benefits from its proximity to local amenities, public transportation, and community hotspots. Investors and entrepreneurs alike will appreciate the potential for steady rental income and a thriving retail venture.

Seize the opportunity to own a piece of urban diversity and financial promise.. This is your chance to invest in a property that blends modern living with commercial advantage.

OM available upon request

Listing History for 448 Humboldt Street

Now
04/01/2024
POM by Tomer Shmuel
Oxford Property Group
02/26/2024
Contract Signed by Tomer Shmuel
Oxford Property Group

Building Details for 448 Humboldt Street

OwnershipMixed Use
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts3/4
Learn More About the Building

Transit and Citi Bike

Subway

Graham Av
0.21 miles
Grand St
0.4 miles
Lorimer St
0.45 miles

Citi Bike

Graham Ave & Withers St
0.1 miles
Richardson St & N Henry St
0.12 miles

Contact Agents

Contact Agents

Tomer Shmuel
FIND Real Estate
Dani Ohayon
FIND Real Estate

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: 93500TH