Property Details

Overview

6-Family, Classic Brick Building with Elegant Architecture In The Most Desirable Location Of Bushwick NY! All units are rent-stabilized and the property is being sold as-is condition with all tenants in place. Each floor consist of 2 apartments with the classic layout of 2 Bedrooms, Full Bath, Kitchen and Living Room. Full Expansive Basement with Utility room. First floor apartments share backyard. Close to public transportation - L train at Dekalb Station and local buses. The property presents a compelling value proposition. With a current NOI of $60, 083, the property demonstrates strong financial performance, offering stability and potential for growth. Leveraging the potential NOI of $220, 621 with pro forma, the property presents an enticing opportunity for savvy investors to maximize returns and capitalize on Bushwick’s thriving market. Furthermore, R6 and C1-3 Zoning, this building allows further development to the building in order to meet the needs and demands of the commercial consumers by using the maximum allowable FAR. Example building developments as seen on the Dekalb avenue for inspiration. *Do not miss this great offer!!!*