HIGHLIGHTS
- Turnkey-Opportunity: Well-maintained building with upgraded utilities allowing for little to no short-term capital improvement requirements.
- Low Basis: Priced at $241 per SF—well below the year-to-date Bushwick multifamily average of $303 per SF.
- Premier Location: Located in the heart of Bushwick, this property is 3 blocks from Maria Hernandez Park and half a block away from Knickerbocker Ave
- Tax Class Protection: Designated as a 2A Tax Class property, capping tax increases at 8% annually or 30% over five years.
- Transit-Oriented Location: Located 2-3 blocks from Knickerbocker Avenue M-Line and Dekalb Avenue L-Train.
FOR SALE DETAILS
PRICE
$1,050,000 USD
PRICE/SF
$241 USD /SF
# OF UNITS
6
PRICE/UNIT
$175,000
CAP RATE
7.25%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
194 Stockholm St
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
2000
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.06 AC
LAND SF
2,500 SF
ZONING
R6
APN/PARCEL ID
03257-0022
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914-561-8609
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914-561-8609
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