Multi-Family 6-Units Brick Building with Elegant Architecture In The Heart of Bushwick, NY! R6 and C1-3 Zoning! All units are rent-stabilized, ensuing consistent cash flow. First floor apartments share backyard with a classic layout of 2 Bedrooms, Full Bath, Kitchen and Living Room on each apartme...
Multi-Family 6-Units Brick Building with Elegant Architecture In The Heart of Bushwick, NY! R6 and C1-3 Zoning! All units are rent-stabilized, ensuing consistent cash flow. First floor apartments share backyard with a classic layout of 2 Bedrooms, Full Bath, Kitchen and Living Room on each apartment. Full Expansive Basement with Utility room. The property presents a compelling value proposition. With a current NOI of $60,083, the property demonstrates strong financial performance, offering stability and potential for growth. Leveraging the potential Pro-Forma NOI of $220,621, the property presents an enticing opportunity for savvy investors to maximize returns and capitalize on Bushwick's thriving market. Furthermore, R6 and C1-3 Zoning, this building allows further development to the building in order to meet the needs and demands of the commercial consumers by using the maximum allowable FAR. Close to public transportation - L train at Dekalb Station and local buses. Example building developments as seen on the Dekalb avenue for inspiration. Don't miss out on this great offer! Reach out today to explore its possibilities.