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Apartments For Sale • 4,500 SF
| 10 Unit Cash Flowing Multifamily |
| The property is a solid 10-unit multifamily building located in the heart of Bushwick, Brooklyn |
| The building totals approximately 4,500 SF and is currently generating $196,000 in gross income |
| Average in-place rents of $1,641 per unit leave room for continued growth as the neighborhood continues to strengthen |
| This is a straightforward multifamily asset with attractive current yield and the benefit of being located in a high-demand rental submarket |
| Clean, income-producing multifamily play in a neighborhood that continues to attract both renters and investors |
| Cap Rate: | 8.16 % |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) | 7 min | - | 2.7 mi |
| Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) | 9 min | - | 2.9 mi |
| Transit/Subway | Drive | Walk | Distance |
| Central Avenue (M - New York MTA Subway (The Subway)) | 1 min | 6 min | 0.3 mi |
| Knickerbocker Avenue (M Line) (M - New York MTA Subway (The Subway)) | 1 min | 7 min | 0.4 mi |
| Jefferson Street (L - New York MTA Subway (The Subway)) | 2 min | 10 min | 0.5 mi |
| DeKalb Avenue (L Line) (L - New York MTA Subway (The Subway)) | 2 min | 11 min | 0.6 mi |
| Morgan Avenue (L - New York MTA Subway (The Subway)) | 3 min | 11 min | 0.6 mi |
| Airport | Drive | Walk | Distance |
| LaGuardia | 16 min | - | 7.0 mi |
| John F Kennedy International | 20 min | - | 11.5 mi |
| Newark Liberty International | 31 min | - | 16.8 mi |
Steve Reynolds
Investment Property Realty Group
Steve Reynolds
Investment Property Realty Group
