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1106 Bushwick Ave., Brooklyn, NY 11221

$2,100,000
Off Market
Listing Details:
$2,100,000 Price
Townhouse Property Type
Bushwick Neighborhood
6 Beds
8 Baths
-- Approx. Sq. Ft.
$819 RET
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Upcoming Open Houses

Key Features:
Allows Pets
Storage
Unit Garden
Description:

Located at the crossroads of Bushwick and the Stuyvesant Heights section of Bed-Stuy, this fully occupied 8-family brownstone currently generates a net operating income exceeding $100,000 annually with a present cap rate exceeding 5%.

Ideal for a 1031, turn-key property or, due to exclusively free market rents that are not subject to rent stabilization limits, this property is also ideal for conversion to condominiums as an alternative opportunity to increase earning potential.

Current configuration includes six (6) 1-bedroom apartments and two (2) studio apartments with individually metered electric, an exterior surveillance system, new roof and a gas-fired Williamson boiler. Each apartment features a full kitchen with tiled backsplash, range hood and modern appliances, hardwood flooring throughout, as well as a full-sized tiled bathroom with tubs. In addition, the two top floor rental units have skylights in the kitchen for maximum exposure to sunlight.

This 20-foot wide brownstone is located close to Broadway and within two to three blocks of mass transit, restaurants and other amenities. As all units are occupied, please request advance access to show.

Agent:
Elizabeth Kee Lic. Assoc. RE Broker
Lic. as Rita Elizabeth Kee

Discuss this property with Elizabeth: