Built in 2003
Free-market three-family investment property
Semi-detached brick building
Ground-floor (4-bedroom, 2-bathroom) delivered vacant with an approximately 700 SF private backyard — exceptional owner-user opportunity
Two occupied 3-bedroom apartments, upgraded with renovated kitchens, modern bathrooms, and new flooring
Approx. 2,799 SF building on a 25' × 62.67' lot
Full basement
R6 zoning with approximately 642 SF of additional buildable area
Upgraded common side yard
Side yard offers potential to construct two additional units (subject to zoning and approvals) or create parking for two vehicles, with estimated additional income potential of approximately $1,000 per month ($12,000 annually) with a $0 investment.
Strong in-place cash flow with significant rental upside
Actual Gross Income: $129,420 | Potential Gross Income: $142,680
Actual NOI: $113,012 | Potential NOI: $140,636.05
Low annual property taxes of approximately $8,451
Just a 2-minute walk to the L train and 3 minutes from the J & Z
Prime Bushwick location near many neighborhood amenities
Modern construction with lower anticipated capital expenditures than comparable older multifamily buildings
Owner-User Opportunity: Based on a 6.25% mortgage rate, approximately $6,990/month in rental income helps offset your monthly mortgage payment.