Multifamily Property for Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Brooklyn, NY 11206

Description

Marcus & Millichap is pleased to present 83 Seigel Street an opportunity to acquire a fully free-market boutique multifamily asset in the heart of Williamsburg, Brooklyn. This three-unit property spans approximately 5,362 square feet and features oversized luxury residences with strong in-place income and additional upside through future rent growth. Positioned on a 25’ x 100’ lot with 713 square feet of unused air rights, the asset offers investors a combination of stable cash flow, low operating expenses, and long-term appreciation potential in one of Brooklyn’s most supply-constrained and high-demand rental markets. The property’s modern construction, efficient layout, and high-end finishes create a turnkey investment opportunity requiring minimal near-term capital expenditure while offering investors durable long-term income growth potential. Investment Highlights: • 83 Seigel Street, built in 1931, is a three-unit multifamily asset, spanning 3 stories, approx. 5,362 SF. • Tax Class: 1 | Zoning: R6, C2-3 | 713 SF Available Air Rights | 100% Free Market • 83 Seigel is located in Williamsburg near major transportation corridors, neighborhood retail, nightlife, and the ongoing transformation surrounding the Domino Sugar redevelopment.

Market Context

This multifamily in Brooklyn, NY is listed for sale. It is offered at an approximate 6.6% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 53 days. Compare it against other multifamily listings for sale in Brooklyn, NY — <a href="/search/sale/multifamily/new-york/brooklyn">view the full market</a>.

As of Q1 2025, the New York City Area multifamily market showed a 4.8% vacancy rate, and rents up 6.3% year over year. Source: CBRE Q1 2025 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

Is the New York City Area multifamily market tightening or softening?
Vacancy is around 4.8%, with asking rents rising year over year (Q1 2025).

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