HIGHLIGHTS
- Turnkey-Opportunity: Well-maintained building with upgraded utilities allowing for little to no short-term capital improvement requirements.
- Bonus Unit: This property contains a fully finished basement with an office space offering a great owner user opportunity or an ADU
- Zero Violations: This property currently has zero HPD, DOB, or ECB violations is proof of the condition, quality, and nonexistent issues
- Premier Location: Located in the heart of Bushwick, this property is half a block away from Knickerbocker Avenue
- 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 2-4 blocks from Knickerbocker Avenue M-Line and Myrtle-Wyckoff Ave L-Line.
FOR SALE DETAILS
PRICE
$1,650,000 USD
PRICE/SF
$319 USD /SF
# OF UNITS
6
PRICE/UNIT
$275,000
CAP RATE
7.03%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
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
03300-0043
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914-561-8609
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914-561-8609
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