$1,750,000 USD
914-584-7422
HIGHLIGHTS
- Cashflow + Upside: Currently grossing $186K, with clear path to achieve $200K via increases to legal and market rents
- 50% Free Market: Three units are fully free market and three units are rent stabilized (one of which has a high legal rent of $3,725)
- Renovated With High-End Finishes: The three FM units are fully renovated with high-end appliances and fixtures and includes in-unit laundry
- Transit Oriented Location: The L-train is just two blocks away at Jefferson St, with access to Williamsburg and Union Square within 15 minutes
- Desirable Location: One block from Maria Hernandez Park, on Knickerbocker Avenue, the focal point of North Bushwick
FOR SALE DETAILS
PRICE
$1,750,000 USD
PRICE/SF
$465 USD /SF
CAP RATE
7.35%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1931
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.06 AC
LAND SF
2,614 SF
ZONING
R6
APN/PARCEL ID
-
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914-584-7422
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914-584-7422
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