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792 Hart Street, Brooklyn, NY, 11237

792 Hart Street
$2,400,000

Key Information

Tot. SF
4,875
Units
6
Type
Apartments
NOI
$158,933

Highlights

  • Minimal Rent Regulation: Five of the six units are free market and renovated.
  • Cashflow + Upside: Currently grossing $210K / year, with natural upside as Bushwick continues to appreciate.
  • Highly Efficient: Each renovated unit is responsible for their own utilities.
  • Owner-User Opportunity: The building and neighborhood lend well to a hybrid owner/user/investor living in one or more of the units and renting out the rest.
  • Transportation Accessibility: The L and M train lines are within 3-5 blocks away, offering access to Williamsburg and Union Square within 25 minutes.
  • Protected Tax Class: 2B tax class limits tax increases to no more than 8% a year or 30% over 5 years.

Photos

Location

Agents

Broker of Record

Cory Rosenthal

License # 10991237833, 10311210106
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017