1477 Bushwick AVE Active Save Request In-Person Tour Request Virtual Tour
Brooklyn,NY 11207
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY819261
Originating Board onekey2
Rental Info No
Year Built 1911
Annual Tax Amount $10,924
Lot Size 2,252 Sqft
Acres 0.0517
Property Sub-Type Multi Family
Property Description
his 25-foot wide Bushwick six-family rent-stabilized building currently delivers an immediate approximate capitalization rate of over 6% with room to grow to over 8% based on the legally registered rents.
With six floor-through apartments and just two apartments per floor, tenants enjoy privacy and ease of access through two entries into each apartment.
The entire full-height basement can be used for storage, laundry, recreation, or other additional revenue streams. It can be accessed through the building's common hall or via the private facade entrance in front of the building.
The building also boasts a private 37-foot deep backyard that is not currently in use by any tenants and could provide ample revenue opportunities.
1477 Bushwick Avenue is located in the heart of Bushwick among shops, bars, and restaurants. The building is easily accessible via the L, J, and Z subway lines, multiple bus lines, and Citi Bike.
*Please consult with your financial advisor regarding this investment opportunity.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Full,Walk-Out Access
Interior
Heating Oil
Cooling None
Fireplace No
Exterior
Fence Back Yard,Front Yard
Utilities Available Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Trash Collection Public,Underground Utilities,Water Connected
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Block
Schools
Elementary Schools Ps/Is 45 Horace E Greene
Middle Schools All City Leadership Secondary Sch
High Schools All City Leadership Secondary Sch
School District Brooklyn 32
Others
Special Listing Condition None