Cap Rate
7.28%
GRM
8
1104 Bushwick Ave, Brooklyn, NY, 11221
1104 Bushwick Ave$1,100,000
Key Information
Tot. SF
4,000
Units
6
Year Built
1931
Type
Apartments
NOI
$80,092
Highlights
- The building is fully rent stabilized with 100% collections.
- Dimensions of 20’ x 60’ on the corner of woodbine allowing side windows for spacious and bright layouts.
- Well maintained, with little to no need for short-term capital improvements.
- Natural tenant turnover opens the opportunity for owner occupancy in the short term.
- 2A Tax Class limits tax increase to no more than 8% annually or 30% over five years.
- Located 2 blocks from Gates Avenue, J & Z-line provides quick access to Williamsburg and Manhattan.
Photos
Location
Agents
E
Evan KashanianLicense # 10401368202 (NY)
D
DJ JohnstonLicense # 10401225168 (NY)
Broker of Record
Cory Rosenthal
License # 10991237833 (NY)Matthews Real Estate Investment Services, Inc1600 West End Ave, Ste. 1500 Nashville, TN 37203