225 Bushwick Ave
Brooklyn, NY 11206
Multifamily Property For Sale
·
7 Units
PROPERTY FACTS
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,500 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1920 |
UNIT AMENITIES
- Heating
- Eat-in Kitchen
- Hardwood Floors
- Yard
- Basement
ABOUT 225 BUSHWICK AVE , BROOKLYN, NY 11206
Unique 7 Family + Store in Williamsburg! This is a wise investment! This property features: – 1st Fl: Retail Store (currently a Beauty Salon) w/ 800 sq ft – Total: 14 Bedrooms, 8 Bathrooms – 7 Residential Units; each is 2BR/1BTH Railroad Apartment – Full Semi-Finished Basement (currently used by the commercial tenant) – Hardwood floors – High ceilings – Massive backyard accessible to all tenants – Tenants pay their own Hot Water; Separate gas hot water heaters – *Only 1 Apartment currently has lease – Steps away from the Montrose L train. – Half a block from Ten Eyck Playground, equipped with a track & field, tennis courts and baseball field – Near all Williamsburg’s trendiest restaurants, shopping and nightlife Annual Rent: $153,840 Expenses: $20,000/Yr NOI: $133,840 Current Cap Rate: 7.05% w/ a room for growth! Building: 25 x 50 ft Lot: 25 x 105 ft Retail Space: 800 sq. ft. FAR: 1.90; Max FAR: 2.43 Zoning: R6, C1-3 This is a great investment! Call TODAY for a Full Set Up!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 7 | - | - |
PROPERTY TAXES
| Parcel Number | 03055-0002 | Improvements Assessment | $495,450 |
| Land Assessment | $9,450 | Total Assessment | $504,900 |
ZONING
| Zoning Code | R6 (Medium density residential zoning district.) |
