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$1,938,000 / 8br - 3750ft2 - BIG 3 family with great income. Brokers are welcome! (Bushwick, close to subway)
8BR / 5.5Ba
3750ft2
available now
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Located in the vibrant neighborhood of Bushwick, bordering Bedford-Stuyvesant, within a short walk to the Gates Subway station, and Saratoga Park. The property is surrounded by many restaurants, cafes, bars, pharmacies and many other amenities including a post office, and an Organic Fresh Market which recently opened juat around the corner. This BIG 18.75/50, almost 3,750 Sq Ft building, is a 3 story, legal 3 family house, with an additional finished walk-in basement, and a nice backyard. Each of the upper 2 units has 3 bedrooms and 1.5 bathrooms, and its wn laundry hookup. The first floor Garden apartment has 2 bedrooms and 1.5 bathrooms, and has private access to the backyard with its beautiful deck. With minimal modification, combining the first floor with the walk-in basement can create an attractive 4 bedroom/2.5 bathroom duplex apartment, great for owner occupant or increasing the income. This turn of a century Townhouse retains its classic charm although been updated and in excellent shape. The building has high ceilings with Crown molding, abundant natural light throughout and exposed brick. Each of the 3 units has quartz countertops, solid wood white Shaker cabinetry, hardwood floors, and stainless-steel appliances including a dishwasher & over-the-stove microwave. Eachapartment also has its own separate gas heat & hot water, and electric & gas meters. The walk-in basement is fully finished, and has both an interior & street access, and a second access to the backyard. The building carries low maintenance cost, and is very well maintained, including recently replaced hot water heater & Bosch dishwashers, keeping the wonderful long-term tenants happy, with very few turnovers. The current income from the 3 units is $9,500 a month, but easily can go up to $11,000-12,000, bringing the CAP rate from 5.79% up to 6.75%. The building can be delivered occupied or partially vacant. BROKERS ARE WELCOME! Please contact Jay for more info about this building (and MANY others):
https://www.brownstoneking.com/3family-with-great-income
MORE Brownstone, Brick, Limestone, Stucco, and frame homes are available in Bedford Stuyvesant, Crown Heights, Prospect Heights, Bushwick, Stuyvesant Heights, Ridgewood, East Williamsburg, Greenpoint, Fort Greene, Clinton Hill, Bedstuy, Ocean Hill, Cypress Hills, East Flatbush, Canarsie, 11216, 11233, 11215, 11217, 11225, 11222,11211, 11221, 11213, 11238, 11206, 11375, 11207, and other parts of Brooklyn & Queens.