Solid 6 Return on Investment on this 8 Unit Income Generating building in the heart of Bushwick can't be missed.


Property

Website:https://www.nestseekers.com/5218206
Address:
New York, NY 11237
Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio

Financials

Price:$1,250,000
Annual Taxes:$17,806

Description

Solid 6% Return on Investment on this 8 Unit Income Generating building in the heart of Bushwick can't be missed. The building is well maintained with the building size of 26.67 wide and 70 deep. Natural gas heating system with a new boiler recently installed. Front and back 2 spacious bedrooms can easily turn into a 3 bedrooms at owner's choice. One guaranteed vacancy at the closing. Current rental incomes for 7 units are $112,920 annually and owner occupied unit will be vacant at closing for an annualized income at $132,120 less than annual expenses of $53,806.yeah

Amenities

  • Back Yard
  • Electricity Connected

Contact

578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Keller Williams Rlty Landmark