Brooklyn NY, 11207
$1,425,000
Multi Family
Commercial
Details
ML#: 819261
- # of Families: 6
- Sale or Rent:Sale
- Year Built: 1911
- Taxes: $10,925
- Status:Active
Description
his 25-foot wide Bushwick six-family rent-stabilized building currently delivers an immediate approximate capitalization rate of over 6% with room to grow to over 8% based on the legally registered rents.With six floor-through apartments and just two apartments per floor, tenants enjoy privacy and ease of access through two entries into each apartment.The entire full-height basement can be used for storage, laundry, recreation, or other additional revenue streams. It can be accessed through the building’s common hall or via the private facade entrance in front of the building.The building also boasts a private 37-foot deep backyard that is not currently in use by any tenants and could provide ample revenue opportunities.1477 Bushwick Avenue is located in the heart of Bushwick among shops, bars, and restaurants. The building is easily accessible via the L, J, and Z subway lines, multiple bus lines, and Citi Bike.*Please consult with your financial advisor regarding this investment opportunity.
More Property Details
Lot Size: 0.0517
Lot Sq Ft: 2250
Stories: 3
Heat: Oil
A/C: None
Water: Public
Sewer: Public Sewer
Taxes: $10,925
School District: Ps/Is 45 Horace E Greene
Block: 3457
Lot: 02
Listing Information provided courtesy of
Core Long Island LLC
212-500-2117