83 Seigel Street — Sale in Brooklyn, NY

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

Investment Figures

Cap rate
6.60%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

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 86 days. Compare it against other multifamily listings for sale in Brooklyn, NY — view the full market.

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