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1106 Bushwick Ave
Brooklyn, NY 11221
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.04 AC |
| Property Type | Multifamily | Building Size | 3,202 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | B | Year Built | 1931 |
| Zoning | R6 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 3,202 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1931 |
| Zoning | R6 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Heating
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Wi-Fi
- Yard
- Basement
- Dining Room
- Family Room
- Freezer
- Garden
- Handrails
- Intercom
- Lawn
- Linen Closet
- Patio
- Porch
- Skylights
SITE AMENITIES
- Courtyard
- Fenced Lot
- Security System
- Gas Range
- Trash Pickup - Curbside
- Public Transportation
ABOUT 1106 BUSHWICK AVE , BROOKLYN, NY 11221
Located at the crossroads of Bushwick and the Stuyvesant Heights section of Bed-Stuy, this fully occupied 8-family brownstone currently generates an Net Operating Income exceeding $100,000 annually with a present CAP Rate exceeding 5%. Ideal for a 1031, turn-key investment property or, due to exclusively free market rents that are not subject to rent stabilization limits, this property is also ideal for conversion to condominiums as an alternative investment opportunity to increase earning potential. Current configuration includes six (6) 1-bedroom apartments and two (2) studio apartments with individually metered electric, an exterior surveillance system, new roof and a gas-fired Williamson boiler. Each apartment features a full kitchen with tiled back-splash, range hood and modern appliances, hardwood flooring throughout, as well as a full-sized tiled bathroom with tubs. In addition, the two top floor rental units have skylights in the kitchen for maximum exposure to sunlight. This Brownstone is built 20ft x 40ft on a 20ft x 80ft lot at an FAR of 1.50 and an approximate increased FAR of 2.43. Located close to Broadway and within 2-3 blocks of mass transit, restaurants and other amenities, this building is poised to be a long-term income-generating opportunity or desirable condo conversion. As all units are occupied, please request advance access to show.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | - |
PROPERTY TAXES
| Parcel Number | 03357-0034 | Improvements Assessment | $232,650 |
| Land Assessment | $57,600 | Total Assessment | $290,250 |
PROPERTY TAXES
