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    47 Thames St Williamsburg Brooklyn, NY 11237

    Sponsored
    For Sale
    Contact for pricing

    High-NOI, 26-Unit Investment Opportunity

    Property size:
    35,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 35,000 square foot mixed-use loft building, located at 47 Thames Street in Williamsburg, Brooklyn, presents a compelling investment opportunity. The four-story property sits on an 11,500 square foot lot and is zoned M1-1, offering significant potential for future development or repositioning. Currently configured as a blend of commercial and residential space, the building comprises 26 units in total. The substantial net operating income (NOI) of $636,909 demonstrates strong cash flow, further enhanced by below-market rents in many units. The building's current income stream is primarily derived from free-market tenants. The price per square foot is $329, representing a below-replacement-cost acquisition. This property offers a rare chance to acquire a well-located, income-producing asset in a thriving Brooklyn neighborhood with significant upside potential. The building's unique character and substantial size make it an ideal investment for both seasoned and emerging real estate investors seeking a strong return on investment in a dynamic market. Detailed financial statements and property information are available upon request. This is a truly unique opportunity to acquire a significant mixed-use property in a prime Williamsburg location.

    Property Features for 47 Thames St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    35,000 SF

    Building Details

    Stories
    4
    Units
    26

    HighLights

    • 12 Commercial Spaces
    • 14 Residential Units
    • Below‑Market Rents in many units
    • $636,909 Net Operating Income (NOI)
    • Below Replacement Cost
    • Primarily Free‑Market Tenants
    Property Profile Location Intelligence

    Current Use by Public Records

    SOCIAL FAME STUDIO ... Photography Studio Inicio's Event Space Event Venue Third Space Community Center Colors Collective Photographer Baby Cobra Yoga Yoga Studio

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Williamsburg Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9308869
    Latitude
    40.7052658

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    FAQs

    What type of property is this?
    Mixed-use property - High-NOI, 26-Unit Investment Opportunity
    Where is this mixed-use property located?
    The property is located at 47 Thames St Williamsburg Brooklyn, NY.
    What are key features of this property?
    This property features: 12 Commercial Spaces; 14 Residential Units; Below-Market Rents in many units
    Request Owner's contact information
    47 Thames St Williamsburg Brooklyn, NY 11237
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    Williamsburg Brooklyn, NY 11237
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    47 Thames St Williamsburg Brooklyn, NY 11237
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