394 E 8th Street
394 East 8th Street, New York, NY, 10009, US
38 unités
Descriptif
JLL has been exclusively retained to arrange the fee simple sale of 100 South 9th Street (the “Property”), a newly constructed six-story, 48-unit multifamily building located in South Williamsburg, Brooklyn. The Property comprises 33,095 residential rentable square feet, a 2,400 square foot community facility, and 6 enclosed parking spaces. The asset will benefit from a 35-year 421a tax abatement, providing meaningful tax savings and supporting strong in-place cash flow.
The residential unit mix consists of 33 fair market units averaging 727 square feet and 15 affordable units averaging 608 square feet, all designated at 130% of Area Median Income (AMI). The unit distribution is primarily composed of one and two-bedroom layouts, supporting strong absorption, stable occupancy, and broad tenant demand.
The Property is well-located in the South Williamsburg submarket, one of Brooklyn’s most dynamic and transit-oriented residential neighborhoods. 100 South 9th Street is situated approximately 0.6 miles.
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Attributs
Total RSF
35,495
Total Residential Units
48
Year Built
2025
Média
Points forts de l'investissement
Brand New 35-Year 421a Tax Abatement
The Property benefits from a brand new 35-year 421a tax abatement, generating approximately $14.3 million in net present value of tax savings and materially reducing operating expenses, supporting
Located in a High-Growth South Williamsburg Submarket
The Property is positioned within one of Brooklyn’s most dynamic neighborhoods, benefiting from continued residential and retail expansion that supports long-term rent growth and sustained tenant demand.
Uncapped Market Rent Growth Across Majority of Units
Approximately 70% of the Property’s units are fair market and not subject to rent stabilization, allowing for full participation in market-driven rent growth within one of Brooklyn’s strongest performing rental submarkets.
Proximity to Transformational Kent Avenue Waterfront Development
Situated approximately 0.4 miles from Naftali Group’s Williamsburg Wharf, a large-scale mixed-use development expected to deliver over 850 residential units and ~150,000 square feet of retail and commercial space, driving population growth and retail activation in the immediate area.
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100 S 9th Street (0 Propriétés)
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Dernière mise à jour
23 avr. 2026
