100 S 9th Street, Brooklyn, NY, 11249, US

100 S 9th Street

Descripción

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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Atributos

Total RSF

35,495

Total Residential Units

Year Built

2025

Media

Aspectos destacados de la inversión

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.