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.