155 Smith Street, NY
New Construction Entirely Free-Market 10-Unit Building
Overview
Key Highlights
- Price $11,500,000
- Gross SF 7,075
- Location Prime corridor in Boerum Hill - Close to Transportation
- Foot Trafic 10,000+ Pedestrians Daily
- Protected Tax Class 2B - Limits Property Tax Increases YoY
Investment Highlights
• Rare opportunity to acquire a brand new construction entirely free-market building on one of Boerum Hills best blocks
• Below grade cellar with high ceilings offering the ability for office/storage space to be rented
• A bustling corridor home to local and national tenants with foot traffic of 10,000+ pedestrians
daily in Boerum Hill
• Protected Tax Class 2B - limits property tax increases year over year
• 10 unit building - comprised of four 1BR/2B units and six 2BR/2B units. Majority of features in unit washer & dryer.
• 100% of the residential units are leased achieving rents of $100/SF or higher with a gross income north of $700K
• Within a two block radius of the Bergen Street F & G station, Boerum Park and in a geography district with an abundance of top rated public/private schools in NYC
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