• 4-story walk-up building with 8 apartments. 4 rent-stabilized and 4 free-market units
• Protected Tax Class 2B – limits property tax increases year over year
• Ability to raise rents with 3BR units in neighboring properties renting for north of $4,500/month
• Walking distance to public transportation via the JMZ lines as well as the B38 bus line
• Free market units have all been renovated and feature in unit washer/dryer, dishwasher, stainless steel appliances with spacious 3BR/2B layout
• Opportunity to invest in a building with low turnover and high demand keeping vacancy rates low while rents grow year over year
• Located in Bushwick, a neighborhood seeing immense growth and development offers many restaurants, bodegas, shops & experiences throughout
Listing Status: | Available |
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Listing Type: | Highest & best offer |
Property Types: | Apartment Buildings |
Price: | $3,250,000 |
No. of Units: | 8 |
Building Size: | 8,500 Sq ft |
Lot Size: | 3,550.00 Sq ft |
Opportunity Zone: | No |
Price per unit: | $406,250 |
California | May 17, 2024
California | May 17, 2024
Chicago & Midwest | May 17, 2024
CBRE | Nevada
Marcus & Millichap
Avison Young - US - NY - New York
GREA
California
North Carolina
California