17-19 Thames St, Brooklyn, NY 11206

Description

Presenting 17-19 Thames Street, a substantial mixed-use investment opportunity in East Williamsburg, Brooklyn. Comprising two adjacent buildings totaling approximately 13,150 square feet on an expansive 80-by-100-foot lot, the property features a combined 10 residential units and one ground-floor commercial space.

The asset generates approximately $410,000 in total annual income, providing investors with immediate, diversified cash flow across its residential and retail components. Formerly an Interim Multiple Dwelling (IMD), the property has completed its conversion and now benefits from a new Certificate of Occupancy, ensuring clarity and regulatory stability for future ownership.

In addition to the existing improvements, the property includes approximately 3,000 square feet of additional air rights. This creates potential long-term value and expansion opportunities, subject to all applicable approvals.

Ideally positioned near the Morgan Avenue L train, 17-19 Thames Street sits within one of Brooklyn's most active residential, commercial, and creative corridors. The surrounding East Williamsburg and Bushwick neighborhoods offer a dynamic mix of restaurants, cafés, nightlife, galleries, studios, and established businesses, driving continued demand from both residential and commercial tenants.

With strong in-place income, a new Certificate of Occupancy, significant lot frontage, additional development rights, and substantial existing building area, 17-19 Thames Street represents a rare opportunity to acquire a premier mixed-use asset in a highly sought-after Brooklyn location.