143 Wilson Ave - Apartments FOR SALE


Brooklyn, NY 11237- Bushwick
$1,600,000 USD
718-360-2993
143 Wilson Ave, Brooklyn, NY for Sale
$1,600,000 USD
Apartments - FOR SALE
1/8
null | 8.16% Cap Rate

143 Wilson Ave
Brooklyn, NY 11237
Bushwick


HIGHLIGHTS

  • 10 Unit Cash Flowing Multifamily
  • The property is a solid 10-unit multifamily building located in the heart of Bushwick, Brooklyn
  • The building totals approximately 4,500 SF and is currently generating $196,000 in gross income
  • Average in-place rents of $1,641 per unit leave room for continued growth as the neighborhood continues to strengthen
  • This is a straightforward multifamily asset with attractive current yield and the benefit of being located in a high-demand rental submarket
  • Clean, income-producing multifamily play in a neighborhood that continues to attract both renters and investors

OVERVIEW

Investment Property Realty Group (IPRG) has been exclusively retained to sell 143 Wilson Avenue. The property is a solid 10-unit multifamily building located in the heart of Bushwick, Brooklyn. The property offers stable residential income in one of Brooklyn’s most active and well-located neighborhoods, with convenient access to both the L and M trains and strong ongoing demand from renters. The building totals approximately 4,500 SF and is currently generating $196,000 in gross income. Average in-place rents of $1,641 per unit leave room for continued growth as the neighborhood continues to strengthen. This is a straightforward multifamily asset with attractive current yield and the benefit of being located in a high-demand rental submarket with excellent transit access and limited new supply of similar-scale buildings. This is a clean, income-producing multifamily play in a neighborhood that continues to attract both renters and investors. Ideal for an investor seeking current cash flow.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$356 USD /SF

# OF UNITS

10

PRICE/UNIT

$160,000

CAP RATE

8.16%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,500 SF

ZONING

R6

APN/PARCEL ID

03209-0002

ASK ABOUT THIS PROPERTY

Steve ReynoldsInvestment Property Realty GroupMore Info
718-360-2993

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Steve ReynoldsInvestment Property Realty GroupMore Info
718-360-2993

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.