Overview

TerraCRG has been retained to exclusively represent ownership in the sale of the vacant mixed-use building at 233 South 3rd Street located just off the corner of Havemeyer Street in Williamsburg, Brooklyn. This offering represents a rare opportunity to acquire and reposition a free-market asset in one of the city’s most vibrant and sought-after neighborhoods.

233 South 3rd Street is a 5,518 SF free-market, vacant mixed-use four-story building prepared for renovation for the next owner. The building is currently configured as two free-market three-bedroom apartments, a floor-through office, and retail space on the ground level. The ground floor is built full to the 1,554 SF lot with the upper floors being 1,322 SF each. Taxes are favorable just under $11,000 due to the 2B tax class.

This property is in a thriving residential area in Williamsburg, Brooklyn. All within 2 blocks are well-known restaurants L’Industrie Pizzeria, The Four Horsemen, Leo, Have & Meyer, and Recette. Most residents in the area commute by bicycle, car, or by the G,L,J,M,Z Subway lines that run throughout the neighborhood. Just a 2-minute drive to the BQE and a short walk to the ferry, the location allows for easy access to Manhattan, Queens and the rest of Brooklyn.
Williamsburg is home to many retail tenants such as Nike, Patagonia, Apple and Hermes. Activities nearby include volleyball in Domino Park, tennis, soccer, track, and baseball at McCarren Park, as well as rock climbing at VITAL Climbing Gym on Berry Street.

TerraCRG is exclusively offering the neighboring commercial property at 168 Havemeyer Street and 231 S 3rd Street for sale. This property is a 10,549 SF, four-story commercial building on a 3,045 SF abutting lot. Please inquire for more details.