Bankruptcy Sale: 80 Ainslie St

• Prime Williamsburg Location: Situated in a highly desirable neighborhood with mixed-use development, offering commercial and luxury residential spaces.
• Upscale Amenities and Finishes: Features high-end condo finishes, a common roof deck, laundry facilities, and private storage, targeting premium tenants.
• Strategic Transportation Access: Near L and G train stations with direct vehicle access to Manhattan, enhancing tenant appeal.
• Tax Abatement and Investment Potential: Benefits from 421A and ICAP tax abatements, with significant construction progress (60% complete), promising a profitable investment opportunity.

Property Description

• Prime Location: Situated in the heart of Williamsburg, Brooklyn, a highly sought-after neighborhood for both residential and commercial tenants.
• Mixed-Use Development: Offers a blend of commercial space on the ground floor and luxury residential units above, enhancing the property's appeal and income potential.
• High-End Finishes: Each residential unit features upscale condo finishes, attracting a premium tenant base and allowing for higher rental rates.
• Ample Amenities: Includes a common roof deck, laundry facilities, bike room, and private storage, enhancing tenant satisfaction and retention.
• Transportation Accessibility: Excellent access to public transportation with proximity to L and G train stations, plus direct vehicle access to Manhattan via the Williamsburg Bridge, increasing the property's desirability.
• Tax Abatements: Benefits from 421A and ICAP tax abatements, offering significant savings and increasing the investment's overall profitability.
• Off-Site Parking: Potential for off-site parking for 8 cars, adding convenience for tenants and potentially generating additional income.
• Construction Progress: The building is approximately 60% complete, providing an opportunity for investors to finish the project and capitalize on the current market demand.