Nest Seekers

644 Wilson Avenue is a mixed use investment opportunity with a 6.

644 Wilson Avenue
Brooklyn, NY 11207

Listing

Web ID:5677363
Website:https://www.nestseekers.com/5677363
Cross street:Park Avenue
Building:644 Wilson Avenue Brooklyn
Type:Low-rise
Era:Post-war
Floors:3

Property

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.

Amenities

  • Basement

Location

644 Wilson Avenue Brooklyn NY 11207 USA

Contact

Williamsburg, NY
578 Driggs Avenue Brooklyn, NY 11211
Phone: +1 718-302-0900
Fax: +1 718-228-3917
williamsburg@nestseekers.com
Listing Courtesy of The Corcoran Group
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