644 Wilson Avenue is a mixed use investment opportunity with a 6.
| Website: | https://www.nestseekers.com/5677363 |
|---|---|
| Address: | 644 Wilson Avenue Brooklyn, NY 11207 |
| Cross street: | Park Avenue |
| Type: | Low-rise |
| Era: | Post-war |
| Floors: | 3 |
| Ownership: | Mixed Use |
|---|---|
| Rooms: | 20 |
| Bedrooms: | Studio |
Financials
Price:$2,895,000
Real estate tax:$12,180
Description
644 Wilson Avenue is a mixed-use investment opportunity with a 6.8% cap rage in the heart of Bushwick, just moments from the Wilson Avenue L train and surrounded by one of Brooklyn's strongest rental markets. The approximately 4,500-square-foot building features five FREE-MARKET residential apartments above a long-standing corner deli occupying the building's retail space - generating over $241,000 in annual income.
The residential portion consists of four two-bedroom apartments and one one-bedroom apartment, all finished with updated interiors. Retail and residential utilities are separately metered, and each space has its own split heating and cooling system.
With annual taxes of just $12,176 (Tax Class 2A), low operating costs, and consistent demand from renters in the neighborhood, 644 Wilson Avenue offers investors the opportunity to acquire a well-positioned asset with attractive long-term upside.
The residential portion consists of four two-bedroom apartments and one one-bedroom apartment, all finished with updated interiors. Retail and residential utilities are separately metered, and each space has its own split heating and cooling system.
With annual taxes of just $12,176 (Tax Class 2A), low operating costs, and consistent demand from renters in the neighborhood, 644 Wilson Avenue offers investors the opportunity to acquire a well-positioned asset with attractive long-term upside.
Amenities
- Basement
578 Driggs Avenue Brooklyn, NY 11211 Phone: +1 718-302-0900 Fax: +1 718-228-3917 | |
| Listing Courtesy of The Corcoran Group | |
