Cap Rate
6.91%
Gross SQFT
5,537
Year Built
1905
NOI
$179,788
Property Type
Apartments
INVESTMENT HIGHLIGHTS
- Fully Free-Market: The property is fully free market, allowing future ownership to capitalize on neighborhood improvement
- Tree-Lined Block: Located on a quiet residential block, lined with cypress and elm trees
- Protected Tax Class: 2A Tax Class limits tax increase to no more than 8% a year or 30% over 5 years
- Transportation Accessibility: 2 blocks to Chauncey Street J & Z trains, 7 blocks to Bushwick Averdeen L-train, 5 blocks to Rockaway Avenue C-train
- Efficient Layouts: Large air shaft provides spacious and bright unit layouts
- Low Maintenance: Building was fully renovated in 2017 and has been meticulously maintained since, with no need for short term capital improvements
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