Excellent Investment opportunity in East Bushwick! Located exactly where your renters want to be, close to everything!. Conveniently 5 min walk to M train Central Ave Station or 8 Min walk to MJZ trains at Myrtle Ave station. Currently, set up as a 4 family building but could potentially be converted back to its original set up of a 6 family building. Building size 25 feet x 70 feet giving you a 5,250 square footage. The building sits on a lot of 25 feet x 97.5 feet. The current layout is as follow: 1st-Floor (owners duplex and backyard) 2nd Floor has 2 units - 2R (Lease Expires 11.15.19) 2F(Lease Expires 9.1.19 3rd Floor is a 1 unit. It has a current cap rate of 3.59% with a potential cap rate of 4.56% All units are in very good condition and have split units installed in order to save owner costs. All offers must be presented with a pre-approval or proof of funds. Don't miss out on the chance to own ideal 4 family building with the close proximity of Williamsburg and Lower Manhattan.
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$3,100,000 / $590 per ft²

Listed on Mar 27, 2019

236 Days on Market

11 Beds / 6.0 Baths / 5,250 ft²

Total Monthly expenses: $798

Maintenance: - / R.E. Taxes $798

Other Details:

Multi Family (4-6 Family)

Lot Size: 25.0' x 97.5' Built: 25.0' x 70.0'

Zoning: C2-3

Exclusively listed with: Compass


(347) 617-5913


(347) 617-4510

Listing Courtesy of Compass View Listing

Unit listing history

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