$2,295,000
Updated 2 years ago
Off Market

380 Hooper Street

Williamsburg, Brooklyn | South 2nd Street & South 3rd Street

20 Rooms9 Beds8 Baths5,760 Square FeetMulti-Family

$2,295,000
floors / apts4 / 6
Lot Size27'7"x54'1"
Built Size27'x54'
ZoneR6
Building TypeLow-Rise
RE Taxes$8,879
Price Per SF
$398

Property Description for 380 Hooper Street

Introducing 380 Hooper Street a legal 6 family over 2 commercial in prime Williamsburg. The property is 27×54 built and 4 of the residential units are stable & 2 of them are Free Market. The total Rent Roll yearly is 210,000 and the expenses are 37,000 yearly with a yearly NOI of 173,000. This puts 380 Hooper at a 7.5% cap rate. There are 3 two bedrooms and 3 one bedrooms and one of the commercial spaces is currently vacant so the NOI will be more on full occupancy (upside on cap rate). The property is in good condition and there is a setup / walk through video available for qualified buyers.

Listing History for 380 Hooper Street

Now
08/05/2024
POM by Nathaniel J. Smith
Oxford Property Group
04/15/2024
$2,295,000
Initial Price by Nathaniel J. Smith
Oxford Property Group

Building Details for 380 Hooper Street

OwnershipMulti-Family
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts4/6
Learn More About the Building

Transit and Citi Bike

Subway

Hewes St
0.2 miles
Metropolitan Av
0.23 miles
Broadway
0.26 miles
Marcy Av
0.3 miles
Lorimer St
0.33 miles

Citi Bike

Stagg St & Union Ave
0.09 miles
Hope St & Union Ave
0.15 miles

Contact Agent

Contact Agent

Nathaniel Smith
FIND Real Estate

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: 75283TH