Contacts

Michael Hernandez

TerraCRG

Property Details

Property Type Office
Property Size 10,549 SF
Lot Size 3,045 SF
Zoning R6, C1-3
Additional Rent Contact for pricing
# of Floors 4
Property Tenancy Multi-Tenant
Building Class B
Year Built 1950
Date Updated Oct 23, 2024

TerraCRG has been retained to exclusively represent ownership in the sale of the medical building at 168 Havemeyer Street just off the corner of Havemeyer and South 3rd Street in Williamsburg, Brooklyn.

168 Havemeyer Street is an existing 10,549 SF, four-story medical office building on a 3,045 SF lot. With frontage on Havemeyer St and South 3rd Street, the building has medical related retail space on the two sides and medical office space on the upper floors.The property is fully leased with varying lease terms. Zoned R6, C1-3, the building has a 2.2 FAR for residential use, allowing the opportunity to convert the upper floors to residential use.

The property is located in a thriving area in Williamsburg Brooklyn and is ideal for an investor of medical facilities and/or for an investor looking for immediate cashflow with future conversion potential. The existing tenants have been operating in this location for over 15 years. The NOI is around $900,000 with 4% annual rent increases.

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Highlights

10,549 SF across four stories
Dual frontage on Havemeyer Street and South 3rd Street
Medical-related retail on the ground floors, medical office space on upper floors
R6, C1-3 with a 2.2 FAR for residential use, providing conversion potential for the upper floors
Well-maintained building with long-standing tenants

Getting around

98/100
Walk Score ®
100/100
Transit Score ®
95/100
Bike Score ®

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Location

City Brooklyn, NY
Neighborhood Williamsburg
Zip Code 11211
Market Brooklyn

Points of Interest

Marcy Avenue

0.19 miles
Hewes Street

0.39 miles
Lorimer Street

0.46 miles
Bedford Av Subway Station L line

0.47 miles
Grand Street

0.91 miles
Flushing Avenue

1.16 miles
New Bell Car Service

1.17 miles
Greenpoint Avenue

1.41 miles
Bedford–Nostrand Avenues

1.51 miles
Classon Avenue

1.55 miles

ChargePoint

0.57 miles
BP

0.61 miles
Tesla Supercharger

0.74 miles
Citgo

0.79 miles
Revel

0.93 miles
Sunoco

0.94 miles
Bolla

0.97 miles
Spirit

1.04 miles
Emporium

1.11 miles
Blink

1.81 miles

NYPD Brooklyn Tow Pound

1.33 miles
Park Kwik

1.57 miles
MPG

1.64 miles
Delancey & Essex Municipal Garage

1.68 miles
Edison Park Fast

1.68 miles
Village View Parking Area 3

1.70 miles
Village View Parking Area 2

1.75 miles
Village View Parking Area 1

1.79 miles
MTA NYCT Emergency Response Unit

1.80 miles
Skyport

1.86 miles

The Pod

0.28 miles
Hotel Indigo

0.33 miles
42 Hotel

0.43 miles
Hotel Le Jolie

0.53 miles
Hoxton

0.67 miles
McCarren Hotel & Pool

0.69 miles
Arlo Williamsburg

0.72 miles
Wythe Hotel

0.74 miles
The William Vale

0.78 miles
Condor Hotel

0.95 miles

C-Town

0.11 miles
Mr. Pina

0.14 miles
Jubilee Marketplace

0.26 miles
Foodtown

0.29 miles
Shop Fair

0.33 miles
Southside Food Plaza

0.35 miles
Whole Foods Market

0.35 miles
Sunac Natural Foods

0.39 miles
Kahan's Food Mart

0.42 miles
Ten Ichi Mart

0.42 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.