47 Thames St Williamsburg Brooklyn, NY 11237
- Commercial real estate
- 35,000 SF
Current Use by Public Records
- SOCIAL FAME STUDIO 101 / Photography Studio
- Inicio's Event Space / Event Venue
- Third Space / Community Center
- Colors Collective / Photographer / Design Agency
- Baby Cobra Yoga / Yoga Studio
Property Details for 47 Thames St
- Property size
- 35,000 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Williamsburg Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9308869
- Latitude
- 40.7052658
