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  • his 25-foot wide Bushwick six-family rent-stabilized building currently delivers an immediate approximate capitalization rate of over 6% with room to grow to over 8% based on the legally registered rents.With six floor-through apartments and just two apartments per floor, tenants enjoy privacy and ease of access through two entries into each apartment.The entire full-height basement can be used for storage, laundry, recreation, or other additional revenue streams. It can be accessed through the building’s common hall or via the private facade entrance in front of the building.The building also boasts a private 37-foot deep backyard that is not currently in use by any tenants and could provide ample revenue opportunities.1477 Bushwick Avenue is located in the heart of Bushwick among shops, bars, and restaurants. The building is easily accessible via the L, J, and Z subway lines, multiple bus lines, and Citi Bike.*Please consult with your financial advisor regarding this investment opportunity. 2
    1477 Bushwick Avenue Brooklyn, NY 11207
    $1,425,000
    Multi Family Commercial NEW ML# 819261
    his 25-foot wide Bushwick six-family rent-stabilized building currently delivers an immediate approximate capitalization rate of over 6% with room to grow to over 8% based on the legally registered rents.With six floor-through apartments and just two apartments per floor, tenants enjoy privacy and ease of access through two entries into each apartment.The entire full-height basement can be used for storage, laundry, recreation, or other additional revenue streams. It can be accessed through the building’s common hall or via the private facade entrance in front of the building.The building also boasts a private 37-foot deep backyard that is not currently in use by any tenants and could provide ample revenue opportunities.1477 Bushwick Avenue is located in the heart of Bushwick among shops, bars, and restaurants. The building is easily accessible via the L, J, and Z subway lines, multiple bus lines, and Citi Bike.*Please consult with your financial advisor regarding this investment opportunity.
    Presented By: Core Long Island LLC  212-500-2117
    Call Today: (631) 774 2264, 631-774-2264, or  Email: Maria Palmar
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Maria Palmar
Maria Palmar
Owner/Broker Cell: (631) 774 2264
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Maria Palmar Owner/Broker
Office: 631-774-2264 Cell: (631) 774 2264 Fax: (631) 509-4734 202 East Main Street, Port Jefferson, NY, 11777
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