Historical Multifamily Sale Listing - Free Market Mixed Use Building

Multifamily For Sale

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Free Market Mixed Use Building

175 Irving Avenue, Brooklyn, NY 11237

N/A

6 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
6
Building Size:
4,875 SF
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Cap Rate:
8%
Lot Size:
2,500 SF
Listing ID
17190970
Last Updated
over 1 year ago

Description

The building consists of 5 free market apartments and a ground floor
commercial space. Despite the under market rents, none of the
apartments have any rent control or rent stabilization issues.
Accounting for free market level rents, the potential building
revenue is over $100,000/year.
The building has tremendous upside potential and is in an ideal
Bushwick location (located 1 block from the L DeKalb Ave subway
station).
4 of the units are two bedroom railroad style apartments and the
ground floor apartment is a two bedroom (not railroad) with
backyard access. The boiler was very recently replaced.
175 Irving Avenue, Brooklyn, NY 11237
Free Market Mixed Use Building (5 Family + Store) For Sale
Bushwick
Asking

The building is located on Irving Avenue between Stockholm Street
and Stanhope Street in the Bushwick neighborhood of Brooklyn.

Map of 175 Irving Avenue, Brooklyn, NY 11237 (Kings County)

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