MLS # | 850846 |
Construction Year | 1931 |
Taxes (per year) | $12,839 |
Bus | 0 min: B54 |
2 min: B52 | |
3 min: B13 | |
4 min: B26 | |
5 min: B60, Q55, Q58 | |
7 min: B38 | |
Subway | 3 min: M |
4 min: L | |
LIRR | 1.8 miles: "East New York" |
2.2 miles: "Nostrand Avenue" | |
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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) © 2025 OneKey™ MLS, LLC