558 Sackett Street, Brooklyn, NY
558 Sackett Street, Brooklyn, NY
Between Nevins Street & 3rd Avenue
Boerum Hill / Gowanus Corridor
Boerum Hill / Gowanus Corridor
New Construction. 35-Year Tax Abatement. Prime Brooklyn Location.
| Asking Pricing | $28,000,000 |
|---|---|
| Neighborhood | Boerum Hill / Gowanus Corridor |
| Size | 27,088 SF |
Investment Highlights:
A rare opportunity to acquire a newly constructed 34-unit luxury multifamily building in Brooklyn’s premier Boerum Hill/Gowanus corridor. Delivered in 2024, this eight-story elevator building features 24 free market units achieving strong in-place rents, a 35-year 421a tax abatement slashing annual taxes to just ~$36K, and a stabilized NOI of $1.31M. At 91% occupied, the property offers immediate lease-up upside in one of NYC’s most supply-constrained rental markets. A turnkey, tax-advantaged asset built for long-term performance.
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