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37 Wilson Ave 37 Wilson Ave 8 Unit Apartment Building $4,875,000 ($609,375/Unit) 6.27% Cap Rate Brooklyn, NY 11237
Investment Highlights
- New Construction Multifamily | Built in 2020
- Fully Occupied and Stabilized
- 35-Year 421-A Tax Abatement
- Taxes $925/year | Low Expenses
Executive Summary
Bijou Equities is exclusively selling 37 WILSON AVENUE — a 2020-built, New-Construction 8-unit
multifamily asset located in prime North Bushwick between George and Melrose Streets.
The property is a four-story, 7,678 square foot building benefiting from a 35-year 421-A tax
abatement, providing long-term tax protection in exchange for 30% of the units designated as
affordable. Taxes are currently $925/year
The building is fully occupied and currently generating approximately $345,000 in gross
income and $305,000 in net operating income, delivering immediate cash flow from day one.
Positioned on Wilson Avenue just off Flushing Avenue in Bushwick, the property is steps from the Morgan
Avenue L and Jefferson Street L trains, near Maria Hernandez Park, and surrounded by
Bushwick’s vibrant restaurant, nightlife, and retail corridor.
multifamily asset located in prime North Bushwick between George and Melrose Streets.
The property is a four-story, 7,678 square foot building benefiting from a 35-year 421-A tax
abatement, providing long-term tax protection in exchange for 30% of the units designated as
affordable. Taxes are currently $925/year
The building is fully occupied and currently generating approximately $345,000 in gross
income and $305,000 in net operating income, delivering immediate cash flow from day one.
Positioned on Wilson Avenue just off Flushing Avenue in Bushwick, the property is steps from the Morgan
Avenue L and Jefferson Street L trains, near Maria Hernandez Park, and surrounded by
Bushwick’s vibrant restaurant, nightlife, and retail corridor.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
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Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (95)
Bike Score®
Biker's Paradise (90)
Property Taxes
| Parcel Number | 03158-0004 | Improvements Assessment | $711,000 |
| Land Assessment | $104,400 | Total Assessment | $815,400 |
Property Taxes
Parcel Number
03158-0004
Land Assessment
$104,400
Improvements Assessment
$711,000
Total Assessment
$815,400
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37 Wilson Ave | 37 Wilson Ave
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