Property Details

Overview

Calling All Investors, Developers, & End-Users!!! 100% Occupied 6 Unit Free Market Apartment Building In Bushwick For Sale!!! The Property Features Excellent Signage, Great Exposure, Strong R6 Zoning, 6 Parking Spaces, High 10’ Ceilings, Separate Meters, Low Property Taxes, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Bushwick Just A Few Blocks Off Atlantic Avenue Near Highland Park!!! The Property Is Situated Minutes From The Barclays Center, Brooklyn Children’s Museum & The Prospect Park Zoo!!! Neighbors Include UPS, The Home Depot, Dunkin’, CubeSmart Self Storage, Walgreens, AutoZone, Planet Fitness, Blink Fitness, GameStop, Baskin-Robbins, Mobil, McDonald’s, Mavis Discount Tire, Family Dollar, Wendy’s, White Castle, KFC, +++!!! This Property Offers HUGE Upside Potential!!! Income: Unit 1L : $22, 572 Ann. Unit 1R: $31, 008 Ann. Unit 2L: $22, 200 Ann. Unit 2R: $21, 000 Ann. Unit 3R: $25, 896 Ann. Unit 3L: $22, 200 Ann. Gross Income: $144, 876 Ann. Expenses: Gas : $0 Ann. Electric: $0 Ann. Water + Sewer: $4, 335 Ann. Insurance: $5, 000 Ann. Taxes: $7, 786.42 Ann. Total Expenses: $17, 121.42 Ann. Net Operating Income (NOI): $127, 754.58 Ann. 7.81 CAP