HIGHLIGHTS
- Minimal Rent Regulation: Five of the six units are free market and renovated.
- Cashflow + Upside: Currently grossing $210K / year, with natural upside as Bushwick continues to appreciate.
- Highly Efficient: Each renovated unit is responsible for their own utilities.
- Owner-User Opportunity: The building and neighborhood lend well to a hybrid owner/user/investor living in one or more of the units and renting out the
- Transportation Accessibility: The L and M train lines are within 3-5 blocks away, offering access to Williamsburg and Union Square within 25 minutes.
- Protected Tax Class: 2B tax class limits tax increases to no more than 8% a year or 30% over 5 years.
FOR SALE DETAILS
PRICE
$2,400,000 USD
PRICE/SF
$492 USD /SF
# OF UNITS
6
PRICE/UNIT
$400,000
CAP RATE
6.62%
% LEASED
-
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
0.07 AC
LAND SF
3,049 SF
ZONING
R6, Brooklyn
APN/PARCEL ID
03235-0023
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646-802-0548
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