Patchen

98 Patchen Avenue presents an excellent opportunity to purchase a fully occupied 8-unit building located in a highly desirable Bedford-Stuyvesant location. The building was completely renovated and expanded in 2021, providing peace of mind and low maintenance expenses for years to come. All units are free-market rent and the building has a strong rental history with increasing rents and minimal turnover. Comprised of eight luxurious apartments, the building offers a strong rent roll with room for growth. All units offer well-designed floorplans with ductless mini splits for heating and cooling, kitchens with stainless steel appliances and quartz countertops, and tiled bathrooms. Tenants love the hardwood floors, exposed brick walls (available in specific units), and functional layouts. The building offers a unit mix comprised of three studios, three one bedrooms (two of which have a bonus home office area), and two 1.5-bedroom duplexes with private roof rights. Amenities include a laundry room in the basement and a common roof deck with NYC skyline views. The building is located in prime Stuyvesant Heights, just 0.25 miles from the J & Z trains at Gates Avenue and all the shopping that lines Broadway. If you have been looking to expand your portfolio with a building that will continue to provide cash flow and growth, then look no further than 98 Patchen Avenue. Reach out for more information.