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Listing Courtesy of CORE Group Marketing LLC
$ 1,100,000
Est. payment | /mo
6 Beds
6 Baths
$ 1,100,000
Est. payment | /mo
6 Beds
6 Baths
OPEN HOUSE
Fri Jul 18, 9:45pm - 10:00pm
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Bushwick
MLS Listing ID RLS11031695
Bedrooms 6
Full Baths 6
HOA Y/N Yes
Year Built 1911
Annual Tax Amount $10,656
Property Sub-Type Multi Family
Property Description
This 25-foot wide Bushwick six-family rent-stabilized building currently delivers an immediate approximate capitalization rate of over 7% with room to grow to over 9% 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.
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
Rooms
Basement Exterior Entry, Full, Interior Entry, Walk-Out Access
Interior
Furnishings Unfurnished
Fireplace No
Appliance Gas Range, Refrigerator
Laundry Building None, None
Exterior
Fence Fenced
View Y/N No
Private Pool No
Building
Dwelling Type Multi Family
Story 3
New Construction No
Others
Ownership None
Monthly Total Fees $888
Special Listing Condition Standard
Pets Allowed Building Yes, Yes
RLS Data display by WJFNY