$2.0 Million Non-Performing Mixed-Use Loan | Manhattan, NY | Ten-X Auction
New York, NY, 10029, US
8 units
Asset Description
140 Metropolitan Avenue is a value-add loft building located in the heart of Williamsburg, Brooklyn. This 6-story IMD property is located along Metropolitan Avenue between Wythe Avenue and Berry Street. The existing structure spans ~9,500 square feet (above grade) and comprises of 6 full floor units, with 4 of them currently vacant and two occupied by IMD loft tenants.
The Property benefits from its proximity to various modes of public transportation, ensuring convenient connectivity throughout New York City. Additionally, the property boasts a favorable location just 5 blocks away from the Bedford L Train Station, facilitating easy travel across Brooklyn and providing direct access to Manhattan with only one stop.
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Attributes
Building area gross
885 m²
Number of units
6
Zoning
MX-8 (M1-2/R6A)
Media
Investment Highlights
- Multifamily Loft Building with Value-Add Opportunity
- Prime Williamsburg Location Close to Domino Park
- Booming Demand for Brooklyn Multifamily
- Excellent Transportation Access
Contact brokers
140 Metropolitan Avenue (0 Properties)
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Last updated
27 Mar 2024
