The subject property is built as a 25' x 67', two story incoming generating building comprised of four apartments and an oversized finished basement with a separate entrance.
The lot is 25' X 100'. The building has a total square footage of approximately 3,354'.
Located on Woodbine Street a beautiful tree-lined block between Central Avenue and Evergreen Avenue in the Bushwick section of Brooklyn.
Currently configured as a legal four-family dwelling, there's no end to the possibilities for this desired investment opportunity.
This property is being conveyed with an extraordinary, approximate 2,725' of air rights.
There are 2 Three Bedroom Apartments
There are 2 Two Bedroom Apartments
All the Leases are scheduled to expire within 7-9 months
All the apartments have separate boilers & hot water heaters.
Built in 2005
Kept in immaculate condition
Laundry in building
Additional features: overhead lighting throughout and stripped hardwood flooring
Actual Rent Roll:
Unit 1F $2,000 (Market rate $2200)
Unit 1R To Be Delivered Vacant ($2600 Projected)
Unit 2F $2,000 (Market rate $2200)
Unit 2R $1700 (Market rate $2600)
Yearly Expenses: (Estimated)
Water/ Sewer = $6,000
Insurance = $1,500
Electric = $2,000