417 MENAHAN ST

417 Menahan St, Brooklyn, NY 11237
$950,000

Price Per Unit
$158,333
Units
6
Gross SQFT
3,510
Occupancy
50%
Property Type
Apartments

INVESTMENT HIGHLIGHTS

  • High Vacancy: 50% of the property will be delivered vacant.
  • Owner-User Potential: Ideal for an owner-user, this property provides a unique opportunity to duplex 1A into the basement, which is partially complete.
  • Natural Tenant Turnover: Opens opportunity for a substantial rehabilitation.
  • Premier Location: Located in prime Bushwick on an idyllic street, one block from Wyckoff Avenue.
  • Tax Class Protection: 2A tax class limits tax increase to no more than 8% a year or 30% over 5 years.
  • Excellent Transportation Access: Short walk to Dekalb L and Wyckoff M with access to Manhattan in 20 Minutes.

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