PRIME BEDFORD STUYVESANT BRICK BUILDING • REDEVELOPMENT DEAL ZONED R6A• AS IS WITH TENANTS
Mixed-use three-unit building.
The building is currently set up as a six-family, with units in the front and rear of the property
Can potentially be converted to a legal 4-unit property with a store
Potential to have nine units in total using the unused air rights, including two inclusionary housing units and seven free market apartments
Rent roll of 104k, and month-to-month tenants.
Landlord pays for all utilities.
Legal use includes two apartments and a store.
Prime Bed-Stuy location, ideal for commuters
Close proximity to J, M, and Z trains at Myrtle Avenue
Lot size: 1,740 square feet
Lot dimensions: 20.42 x 85 feet
Building dimensions: 20.42 x 40 feet. Total of 2,451 square feet (approx.)
Five one-bedroom units and a studio.
Large backyard.
5.22 actual cap rate.
11.28 potential cap rate.
Delivered "as is" with tenants.
Excellent owner-user opportunity