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393 Bleecker St

6 Unit Apartment Building For Sale Brooklyn, NY 11237

Investment Highlights

  • Turn-key
  • Tax class 2A
  • 5 free market units
  • Fully renovated
  • 6 unit multifamily building
  • 1 rent stabilized | Current CAP: 6.4% | Occupancy Rate: 100%

Executive Summary

Introducing a prime investment opportunity in the heart of Brooklyn, 393 Bleecker Street offers a fully renovated, turn-key 5,400 SF, 6-unit multifamily building in a sought-after R6 zoning. With 5 free market units and 1 rent stabilized unit, this tax class 2A property boasts a 100% occupancy rate, delivering immediate and consistent returns. Currently operating at an impressive 6.27% CAP, this well-maintained asset promises a seamless transition for the savvy high-rise investor looking to add a top-performing property to their portfolio.
Highlights:
- Turn-key
- Fully renovated
- Tax class 2A
- 6 unit multifamily building
- 5 free market units
- 1 rent stabilized
- Current CAP: 6.4%
- Occupancy Rate: 100%
Located in the Bushwick neighborhood of Brooklyn between Wyckofff Ave & St Nicholas Ave. Bushwick is one of the fastest growing neighborhoods in New York City. It’s a quickly evolving industrial area characterized by colorful street art and converted warehouses that house artist studios, coffee shops, and thrift stores. There are restaurants from all over the world, and a funky nightlife scene that thrives in its bars and clubs. With easy access to public transportation and proximity to other popular Brooklyn neighborhoods.
Nearest Transit: L & M trains at Myrtle - Wyckoff Ave and the B13, B52, B54, B38, & Q55 bus lines.
Nearby tenants include Dunkin', McDonald's, Burger King, FOOD BAZAAR, Mattress Firm, White Castle, Taco Bell, Cinnabon, Planet Fitness, Popeyes Louisiana Kitchen, Walgreens Pharmacy, Blink Fitness Bushwick, Capital One Bank, CVS, and more!

Property Facts

Sale Type Investment
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.06 AC
Building Size 5,400 SF
Average Occupancy 100%
No. Stories 3
Year Built 1931
Walk Score ®
Walker's Paradise (92)
Transit Score ®
Rider's Paradise (99)
Bike Score ®
Very Bikeable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03302-0041
Land Assessment
$7,650
Improvements Assessment
$455,850
Total Assessment
$463,500

zoning

Zoning Code 13B (Located in the Bushwick neighborhood of Brooklyn)
13B (Located in the Bushwick neighborhood of Brooklyn)
  • Listing ID: 33064064

  • Date on Market: 9/5/2024

  • Last Updated:

  • Address: 393 Bleecker St, Brooklyn, NY 11237

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