431-433 Wythe Avenue - 431-433 Wythe Avenue, Brooklyn, NY 11211

Coveted Neighborhood
Williamsburg Brooklyn is one of the most rapidly gentrifying neighborhoods in New York City, providing the vibrancy, convenience, and lifestyle amenities sought by the young professionals driving the current surge in New York City residential rents.. Ideal Investment Profile
The portfolio is fully leased and cash flowing, with virtually no downside risk.. Attractive Buildings
All four of the buildings in the portfolio are attractive and well-maintained, presenting an historic aesthetic that appeals precisely to the young, hip residents of South Williamsburg.. Market Rate Units
27 of the portfolios 33 units are “fair market”, allowing an investor to capture market gains on an annual basis – a critical advantage, given the rapidly rising rents in the district.. Favorable Tax Treatment
Three of the four buildings are Tax Class 2B, limiting real estate tax increases and thus protecting cash flow growth.. Increasing Rents
Year-over year average apartment rents increased 34.2% in Williamsburg, more than any other Brooklyn neighborhood – one-bedroom apartments are now renting for more than $3,600 per month on average in Williamsburg.. South Williamsburg Advantage
While the gentrification of North Williamsburg is nearing maturity, South Williamsburg remains authentic and relatively affordable – strong residential demand, with significant additional rent growth.. Development Boom
Developers are moving aggressively into South Brooklyn, with recent major developments in immediate proximity to all four of the portfolio’s buildings, elevate the stature of the location and driving additional rent growth within the portfolio.