RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of 253 Stanhope Street, Bushwick, NY 11237. Highlights of the property are listed below:
Fully Leased Walkup Multifamily: 7 Free-Market Units, 1 Rent-Stabilized Unit
The renovated apartments were fully gutted and rebuilt, featuring new flooring, framing, drywall, doors, upgraded electrical and plumbing, custom kitchens, and modern bathrooms. Central heating, air conditioning, new furnaces, split systems, and new windows were installed. Common areas saw roof replacement, sump pumps, storage closets, and hallway updates. A full list of renovations available upon request
Unit Breakdown:
- (2) studios on ground floor with access to washer/dryer in basement
- (2) 1-bedroom/1.5 bath duplex units on ground floor with in-unit washer/dryer and rec room/den on cellar level
- (3) 2-bedroom/1-bath units on 2nd/3rd floor with in-unit washer/dryer
- (1) 1-bedroom/1-bath rent stabilized unit on 3rd floor with two demised dens/sleeping areas (no windows)
Tax Class 2A: Assessed value can rise no more than 8%/Year or 30% over five years
Heart of Bushwick: Four blocks to Maria Hernandez Park, one block away from the Wyckoff Heights Medical Center, and a short walk to the bustling restaurant, bar, night club scene along Wyckoff Avenue