Free-market three-family investment property
Built in 1915 and subsequently gut renovated
Three spacious 3-bedroom apartments
First-floor duplex features three bathrooms
Second- and third-floor apartments each feature two bathrooms
First-floor duplex delivered vacant with an exclusive private backyard—an exceptional owner-user opportunity
High ceilings throughout
Washer and dryer in every apartment
Approximately 3,000 SF building on a 20' × 100' lot
Full basement
Expansive private backyard
Original decorative fireplace
Located within a designated Opportunity Zone
Strong in-place cash flow with additional rental upside
Actual Gross Income: $137,820
R6 zoning with approximately 1,400 SF of additional buildable area
Potential Gross Income: $152,808.00
Actual NOI: $125,882.00
Potential NOI: $140,870.05
Low annual property taxes of approximately $3,431.92
Prime Bushwick location near the L train, shopping, dining, and neighborhood amenities
Owner-User Opportunity: Based on a 6.25% mortgage rate, approximately $7,435/month in rental income helps offset your monthly mortgage payment.