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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY850846
Originating Board onekey2
Rental Info No
Year Built 1931
Annual Tax Amount $12,839
Property Sub-Type Multi Family
Property Description
Calling All Investors, Developers & End-Users!!! 100% Occupied 8 Unit Apartment Building In Bushwick For Sale!!! The Building Features Excellent Signage, Great Exposure, High 9' Ceilings, R6/C2-3 Zoning, New Roof, New Boiler, New Stoop, New Sidewalk, Skylight, All New LED Lighting, 6 Parking Spaces, +++!!! The Property Is Located In The Heart Of Bushwick Just Off Myrtle Avenue Only 2-3 Blocks From The L & M Trains!!! Neighbors Include Starbucks, Northwell Health, UPS, CubeSmart Self Storage, Extra Space Storage, Bath & Body Works, Raymour & Flanigan, Shake Shack, CVS, Dunkin', Taco Bell, Qdoba, Popeye's Louisiana Kitchen, Subway, White Castle, KFC, +++!!! The Property Offers Easy Access To Manhattan Via The Train & The Williamsburg Bridge!!! This Property Offers HUGE UPSIDE Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
1L (2 Br. Apt.): $27,049.56 Ann.; Lease Exp.: 10/1/25.
1R (2 Br. Apt.): $26,929.35 Ann.
2L (2 Br. Apt.): $31,258.80 Ann.
2R (2 Br. Apt.): $14,651.40 Ann.; 9/30/25.
3L (2 Br. Apt.): $24,598.32 Ann.
3R (2 Br. Apt.): $20,929.68 Ann.
4L (2 Br. Apt.): $23,456.16 Ann.; Lease Exp.: 10/31/25.
4R (2 Br. Apt.): $26,799.60 Ann.
Billboard Sign: $2,000 Ann. Been Here 10+ Years. M-M.
Gross Income: $197,672.87 Ann.
Expenses:
Gas: $4,872 Ann.
Electric: $1,420 Ann.
Maintenance/ Repairs: $250 Ann.
Insurance: $4,622 Ann.
Taxes: $12,839 Ann.
Water & Sewer: $8,600 Ann.
Total Expenses: $32,603 Ann.
Net Operating Income (NOI): $165,069.87 (5.6% Cap)
Income:
1L (2 Br. Apt.): $27,049.56 Ann.; Lease Exp.: 10/1/25.
1R (2 Br. Apt.): $26,929.35 Ann.
2L (2 Br. Apt.): $31,258.80 Ann.
2R (2 Br. Apt.): $14,651.40 Ann.; 9/30/25.
3L (2 Br. Apt.): $24,598.32 Ann.
3R (2 Br. Apt.): $20,929.68 Ann.
4L (2 Br. Apt.): $23,456.16 Ann.; Lease Exp.: 10/31/25.
4R (2 Br. Apt.): $26,799.60 Ann.
Billboard Sign: $2,000 Ann. Been Here 10+ Years. M-M.
Gross Income: $197,672.87 Ann.
Expenses:
Gas: $4,872 Ann.
Electric: $1,420 Ann.
Maintenance/ Repairs: $250 Ann.
Insurance: $4,622 Ann.
Taxes: $12,839 Ann.
Water & Sewer: $8,600 Ann.
Total Expenses: $32,603 Ann.
Net Operating Income (NOI): $165,069.87 (5.6% Cap)
Location
State NY
County Kings (brooklyn)
Rooms
Basement See Remarks
Interior
Heating Ducts
Cooling None
Fireplace No
Exterior
Utilities Available Natural Gas Connected, See Remarks, Sewer Connected
Total Parking Spaces 6
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp
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