185 Woodpoint Road
East Williamsburg, Brooklyn / $2,650,000
Situated at the corner of Skillman Avenue, 185 Woodpoint offers 4 free-market residential units equipped with eight bedrooms and four and half bathrooms.
Originally built as a ground-up construction in 1999, all of the units have been recently renovated within the last two years – making this a prime, turn-key investment. Each unit offers in-unit washer/dryer sets as well as separate meters and boilers. In addition to a common rooftop that highlights Manhattan skyline views, the property also provides additional storage spaces in the cellar that can be converted to bike storage if desired.
With all apartments exempt from rent stabilization laws, new buyers are afforded with a variety of immediate investment scenarios, including but not limited to live plus income, 1031 exchange or as a buy and hold income producing property with cash flow upside potential through additional property renovations.
This property is conveniently located a short distance from the L Train, Graham stop in Williamsburg, Brooklyn. The immediate area is thriving with street art, tech enterprises, as well as an array of trendy restaurants and shops. The neighborhood attracts individuals who value the cosmopolitan amenities, while still maintaining the elements of an urban refuge.