Welcome to 1084 New York Avenue, a well-positioned multifamily property located on the corner of New York Avenue and Tilden Avenue. The property consists of 62 apartments and a corner retail store, offering a strong combination of residential and commercial income.
Over the past eight years, the property has benefited from more than $2.5 million in capital improvements, demonstrating a significant commitment to upgrading and maintaining the asset. To date, 27 of the 62 apartments have been gut renovated, providing modernized units and creating an opportunity for continued value enhancement as additional apartments are renovated. additionally, there are currently 8 vacant apartments
The property is professionally managed and well maintained by an experienced management company, providing investors with an established operational infrastructure.
The location offers convenient access to public transportation, with the 2 and 5 subway lines approximately three blocks away and Kings Theatre approximately ten blocks from the property, providing residents with easy access to transportation, entertainment, shopping, and neighborhood amenities.
With substantial capital already invested, nearly half of the apartments renovated, and additional potential to increase value through continued apartment upgrades, 1084 New York Avenue presents an attractive opportunity for investors seeking a stabilized multifamily asset with further upside potential.