8 Family Rent Stabilized Investment Opportunity !


Property

Website:https://www.nestseekers.com/5660056
Address:
New York, NY 11222
Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$2,000,000
Annual Taxes:$17,148

Description

8-Family Rent-Stabilized Investment Opportunity! Exceptional opportunity to own a well-maintained 8-family rent-stabilized building in the heart of prime Greenpoint. This solid investment features eight railroad-style 2 bedroom apartments, all thoughtfully renovated while preserving their classic Brooklyn charm. Property highlights include: – 8 renovated rent-stabilized apartments – Railroad-style 2-bedroom layouts – Apartment 1R features a private backyard – New plumbing throughout – Updated electrical system – Stainless steel appliances – Beautiful hardwood floors – High ceilings with abundant natural light – Clean, well-maintained basement – Pride of ownership throughout the building – 8.4% current CAP Rate Situated on one of Greenpoint’s most desirable blocks, this property offers convenient access to Greenpoint Ave G train station, local buses, McCarren Park, local restaurants, cafés, and the neighborhood’s vibrant shopping and nightlife. A turnkey investment in one of Brooklyn’s strongest rental markets with long-term upside. Building: 25 x 65 ft Lot: 25 x 100 ft Zoning: R6B FAR: 2.60; Max FAR: 2 Taxes: $17,148/Yr An outstanding addition to any investor’s portfolio in one of New York City’s most sought-after neighborhoods.

Amenities

  • Eat-in Kitchen
  • Electricity Available
  • High ceiling
  • Natural Gas Available
  • Sewer Available
  • Water Available

Contact

578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Capri Jet Realty Corp