NY > Brooklyn > Williamsburg
Brooklyn, NY 11211,319 Broadway
Brooklyn, NY 11211,319 Broadway
Brooklyn, NY 11211,319 Broadway
Brooklyn, NY 11211,319 Broadway
Brooklyn, NY 11211,319 Broadway
Brooklyn, NY 11211,319 Broadway
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Arun Lam Govada

Arun Lam Govada

+1(929) 383-6832
Listing Courtesy of Compass
$ 13,000,000
Est. payment | /mo

20 Beds

23 Baths

17,239 SqFt

Save
$ 13,000,000
Est. payment | /mo
Save

20 Beds

23 Baths

17,239 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 17,239 sqft

Price per Sqft $754

Subdivision Williamsburg

MLS Listing ID RLS20057851

Bedrooms 20

HOA Fees $9,832/mo

HOA Y/N Yes

Year Built 2017

Annual Tax Amount $56,940

Property Sub-Type Multi Family

Property Description

Our team has been retained on an exclusive basis to facilitate the sale of 319 Broadway and 415 Broadway, two mixed-use buildings located on Williamsburg's prime Broadway corridor. 319 Broadway is a newly built 11-unit elevator property with 31 years remaining on its 421a tax abatement, while 415 Broadway is a gut-renovated 9-unit mixed-use property designated under protected tax class 2B, ensuring permanently reduced assessments. Together, the properties deliver one of the rarest advantages in New York City multifamily investment—decades of predictable, low real estate taxes—anchored in one of the fastest-appreciating neighborhoods in the city.

The portfolio generates a current NOI of approximately $681K annually, with upside to nearly $790K through the natural lease turnover of below-market apartments and optimization of the commercial spaces. Featuring condo-quality finishes, private balconies, and efficient building systems, the assets are low-maintenance and well positioned to capture Williamsburg's ongoing rent growth. Located steps from the J/M/Z subway and the Williamsburg Bridge, 319 and 415 Broadway present a rare opportunity to acquire tax-protected, mixed-use assets with stable in-place income and clear upside in one of Brooklyn's strongest submarkets.

Location

State NY

County Kings

Rooms

Basement Full

Interior

Interior Features Built-in Features, High Ceilings, Recessed Lighting, WaterSense Fixture(s)

Cooling Central Air

Flooring Hardwood, Tile

Furnishings Unfurnished

Fireplace No

Appliance Dishwasher, Range, Refrigerator, Range Hood, Stainless Steel Appliance(s)

Laundry Common On Floor, See Remarks

Exterior

Exterior Feature Balcony, Private Outdoor Space Under 60 Sqft

View Y/N Yes

View Neighborhood

Porch Balcony

Private Pool No

Building

Dwelling Type Multi Family,Mixed Use

Story 6

New Construction No

Others

Tax ID 02461-0020

Ownership None

Monthly Total Fees $14, 577

Pets Allowed Building No, No

REBNY IDX
RLS Data display by eXp Realty

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319 Broadway

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