1477 Bushwick Avenue, New York, (Brooklyn), NY, 11207
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1911
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.
Status:
Active
Town:
New York
Type:
Commercial
Units:
6
Heating:
Oil
Cooling:
None
Basement:
Full, Walk-Out Access
Levels:
3
Acreage:
0.05
Est. Taxes:
$10,924
Assessment
$449,550
Construction
Block
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Underground Utilities, Water Connected
Elementary School:
Ps/Is 45 Horace E Greene
Middle School:
All City Leadership Secondary Sch
High School:
All City Leadership Secondary Sch
School District:
Community District 32
MLS #:
819261
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Core Long Island LLC 212-500-2117