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$ 2,150,000
Est. payment | /mo
4 Baths
2,799 SqFt
$ 2,150,000
Est. payment | /mo
4 Baths
2,799 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,799 sqft
Price per Sqft $768
MLS Listing ID 11912824
Full Baths 4
Year Built 2003
Annual Tax Amount $8,451
Lot Size 1,567 Sqft
Property Description
Built in 2003 Free-market three-family investment property Semi-detached brick building Ground-floor (4-bedroom, 2-bathroom) delivered vacant with an approximately 700 SF private backyard - exceptional owner-user opportunity Two occupied 3-bedroom apartments, upgraded with renovated kitchens, modern bathrooms, and new flooring Approx. 2,799 SF building on a 25' x 62.67' lot Full basement R6 zoning with approximately 642 SF of additional buildable area Upgraded common side yard Side yard offers potential to construct two additional units (subject to zoning and approvals) or create parking for two vehicles, with estimated additional income potential of approximately $1,000 per month ($12,000 annually) with a $0 investment. Strong in-place cash flow with significant rental upside Actual Gross Income: $129,420 | Potential Gross Income: $142,680 Actual NOI: $113,012 | Potential NOI: $140,636.05 Low annual property taxes of approximately $8,451 Just a 2-minute walk to the L train and 3 minutes from the J & Z Prime Bushwick location near many neighborhood amenities Modern construction with lower anticipated capital expenditures than comparable older multifamily buildings Owner-User Opportunity: Based on a 6.25% mortgage rate, approximately $6,990/month in rental income helps offset your monthly mortgage payment.
Location
State NY
County 36047
Rooms
Basement Full
Dining Room 0
Kitchen 0
Interior
Laundry 1
Building
Story 3
Structure Type Masonry - Brick
NEARBY SCHOOL & BUSINESS