CHICAGO, IL - JLL Capital Markets announced today that it is exclusively marketing for sale a seven-story, two-building luxury, 169-unit rental property at 247 North 7th St. and 248 North 8th St. in Williamsburg, Brooklyn.
Constructed in 2015, the seven-story, two-building property features 108,030 rentable square feet and 169 market-rate units, including 50 studios, 91 one-bedroom units and 28 two-bedroom units. The building features a shared 85-car parking garage with valet service and best-in-class amenities, including a 24-hour doorman, on-site indoor parking garage, state-of-the-art fitness center, 13,000-square-foot courtyard, private terraces, two rooftop terraces and high-end finishes, including stainless-steel appliances, dishwashers, chef-inspired gourmet kitchens and in-unit washers/dryers.
Located on the south side of North 8th Street through to the north side of North 7th Street between Havemeyer and Roebling streets, the property is conveniently located at the center of Williamsburg, Brooklyn’s leading live-work-play neighborhood. The building offers unmatched access to public transit with the G and L subway trains accessible in under 10 minutes to both the Lorimer and Bedford stops.
The JLL Capital Markets team marketing the property on behalf of the seller is led by Managing Directors Rob Hinckley and Jeffrey Julien, Senior Director Steven Rutman, Vice President John Taylor and Analyst Joy Ryoo.
“247 North 7th St. represents the first opportunity since the beginning of COVID for an attractive Williamsburg asset with significant upside potential in arguably the most desirable and proven submarket in all of the outer-boroughs,” Hinckley said. “In addition to its abundant amenities, the property offers proximity to green space and waterfront esplanades, cutting-edge dining, centralized shopping, including a Whole Foods, and a nightlife that is a destination for the entire city.”