Remarks

Calling All Investors, Developers & End-Users!!! 100% Occupied 8 Unit Apartment Building In Bushwick For Sale!!! The Building Features Excellent Signage, Great Exposure, High 9’ Ceilings, R6/C2-3 Zoning, New Roof, New Boiler, New Stoop, New Sidewalk, Skylight, All New LED Lighting, 6 Parking Spaces, +++!!! The Property Is Located In The Heart Of Bushwick Just Off Myrtle Avenue Only 2-3 Blocks From The L & M Trains!!! Neighbors Include Starbucks, Northwell Health, UPS, CubeSmart Self Storage, Extra Space Storage, Bath & Body Works, Raymour & Flanigan, Shake Shack, CVS, Dunkin’, Taco Bell, Qdoba, Popeye’s Louisiana Kitchen, Subway, White Castle, KFC, +++!!! The Property Offers Easy Access To Manhattan Via The Train & The Williamsburg Bridge!!! This Property Offers HUGE UPSIDE Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!



Income:



1L (2 Br. Apt.): $27,049.56 Ann.; Lease Exp.: 10/1/25.



1R (2 Br. Apt.): $26,929.35 Ann.



2L (2 Br. Apt.): $31,258.80 Ann.



2R (2 Br. Apt.): $14,651.40 Ann.; 9/30/25.



3L (2 Br. Apt.): $24,598.32 Ann.



3R (2 Br. Apt.): $20,929.68 Ann.



4L (2 Br. Apt.): $23,456.16 Ann.; Lease Exp.: 10/31/25.



4R (2 Br. Apt.): $26,799.60 Ann.



Billboard Sign: $2,000 Ann. Been Here 10+ Years. M-M.



Gross Income: $197,672.87 Ann.



Expenses:



Gas: $4,872 Ann.



Electric: $1,420 Ann.



Maintenance/ Repairs: $250 Ann.



Insurance: $4,622 Ann.



Taxes: $12,839 Ann.



Water & Sewer: $8,600 Ann.



Total Expenses: $32,603 Ann.



Net Operating Income (NOI): $165,069.87 (5.6% Cap)

Details

MLS#: 850846
Price: $2,950,000

Style: Multi Family
Sq Ft: 6200
Year Built: 1931

County: Kings (Brooklyn)
Tax Fee: 12839