Cap Rate
8.22%
Gross SQFT
8,500
Year Built
1910
Property Type
Apartments
INVESTMENT HIGHLIGHTS
- Corner Property: Prime corner mixed-use building with spacious layouts and prime retail exposure on Jefferson and Wilson Avenue in Bushwick
- Lender-Owned: The lender has invested over $50,000 to clear 270 HPD violations, install a new roof, install new windows, and general maintenance / clean up
- Protected Tax Class: 2B Tax class limits tax increases to no more than 8% a year, or 30% over 5 years
- Public Transportation: Within blocks of the L train at Halsey Street and M train at Myrtle / Wyckoff Avenue
- Basis: At the asking price of $1,495,000, the price per square foot equates to $176 and $186,875 per unit
- Well-Located: Short walk to Irving Square Park and major retail corridors on Wilson, Knickerbocker, and Central Avenues
Broker of Record
- Cory Rosenthal
- License No. 10991237833 (NY)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203