Cap Rate
6.55%
Units
8
Gross SQFT
5,000
Property Type
Apartments
INVESTMENT HIGHLIGHTS
- Fantastic Light & Air: 120 feet of corner frontage provides significant light and air, allowing for efficient unit layouts.
- Fully Free-Market: The property was converted from a 4-family to an 8-family, via an alteration 1, and never regulated by DHCR.
- Transportation Accessibility: 2-blocks to the Wilson Avenue L-train, providing access to North Bushwick, Williamsburg and Manhattan within 25 minutes.
- Protected Tax Class: 2A Tax Class limits tax increase to no more than 8% a year or 30% over 5 years.
- Low Maintenance: Building has been renovated and meticulously maintained, 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