HIGHLIGHTS
- Fully Renovated: The building underwent a full gut renovation in 2019, with all new floors, windows, and high end finishes throughout.
- Fully Free Market: The property has no history of rent regulation.
- Owner User Opportunity: Finishes, garden access, neighborhood, and transit oriented location make this an ideal candidate for an owner/user/investor.
- Investment Opportunity: Fully occupied and cashflowing on 12 month leases.
- Cashflow + Upside: Currently grossing $148K / year, with natural upside as Bushwick continues to appreciate.
- Highly Efficient: Each renovated unit is responsible for their own utilities.
FOR SALE DETAILS
PRICE
$1,995,000 USD
PRICE/SF
$693 USD /SF
# OF UNITS
3
PRICE/UNIT
$665,000
CAP RATE
5.93%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1915
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.05 AC
LAND SF
2,178 SF
ZONING
R6
APN/PARCEL ID
03395-0021
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914-584-7422
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914-584-7422
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