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Property Description
his 25-foot wide Bushwick six-family rent-stabilized building currently delivers an immediate approximate capitalization rate of over 6% with room to grow to over 8% based on the legally registered rents.
With six floor-through apartments and just two apartments per floor, tenants enjoy privacy and ease of access through two entries into each apartment.
The entire full-height basement can be used for storage, laundry, recreation, or other additional revenue streams. It can be accessed through the building’s common hall or via the private facade entrance in front of the building.
The building also boasts a private 37-foot deep backyard that is not currently in use by any tenants and could provide ample revenue opportunities.
1477 Bushwick Avenue is located in the heart of Bushwick among shops, bars, and restaurants. The building is easily accessible via the L, J, and Z subway lines, multiple bus lines, and Citi Bike.
*Please consult with your financial advisor regarding this investment opportunity.
Features
- Heating System:
- Oil
- Cooling System:
- No
- Basement:
- Full, Walk-out Access
- Fence:
- Back Yard, Front Yard
- Appliances:
- Oven, Refrigerator
- Community Features:
- Park
- Fireplaces Total:
- 1
- Garage Spaces:
- 0
- Lot Features:
- Near Public Transit, Level
- Parking Features:
- Driveway
- Sewer:
- Public Sewer
- Utilities:
- Underground Utilities, Trash Collection Public, Natural Gas Connected, Electricity Connected, Cable Connected, Water Connected, Sewer Connected, Phone Connected
- Waterfront Features:
- Water Access, Beach Front, Lake Privileges
Address Map
- City:
- NY
- State:
- NY
- County:
- Kings (Brooklyn)
- Directions:
- L to Bushwick Ave J/Z to Chauncy St
Property and Construction
- Architectural Style:
- Cottage
- Construction Materials:
- Vinyl Siding, Fiberglass Insulation
- Development Status:
- Block
- Elementary School:
- Ps/Is 45 Horace E Greene
- High School:
- All City Leadership Secondary Sch
- Inclusions:
- Refrigerator, Shed
- Agent MlsId:
- 209078
- Office MlsId:
- NARA01
- MiddleOrJunior School:
- All City Leadership Secondary Sch
- Number Of Units:
- 6
- Senior Community:
- 1
- Special Listing Conditions:
- No
- Stories Total:
- 3
- Tax Annual Amount:
- $10,925
- Water Source:
- Public
- PhotosCount:
- 2
Commercial Sale For Sale
1477 Bushwick Avenue, New York, NY
2,250 Acre
$1,425,000
Listing ID #819261
Basic Details
- Property Type :
- Commercial Sale
- Property SubType :
- Multi Family
- Listing ID :
- 819261
- Price :
- $1,425,000
- Bathrooms Total :
- 0
- Building Area :
- 4,725 Sqft
- Lot Area :
- 2,250 Acre
- Year Built :
- 1911
- Status :
- Active
- Status :
- Active
- Listing Office :
- Core Long Island LLC
- Listing Agent :
- Jennifer M. Corcoran
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
