276 Irving Ave - Apartments FOR SALE


Brooklyn, NY 11237- Bushwick
$2,950,000 USD
516-279-8828
276 Irving Ave, Brooklyn, NY for Sale
$2,950,000 USD
Apartments - FOR SALE
1/13
null | 5.6% Cap Rate

276 Irving Ave
Brooklyn, NY 11237
Bushwick


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!! 100% Occupied 8 Unit Apartment Building In Bushwick For Sale!!!
  • The Building Features Excellent Signage, Great Exposure, High 9’ Ceilings, R6/C2-3 Zoning, New Roof, New Boiler, New Stoop, New Sidewalk, Skylight,++!
  • The Property Is Located In The Heart Of Bushwick Just Off Myrtle Avenue Only 2-3 Blocks From The L & M Trains!!!
  • Neighbors Include Starbucks, Northwell Health, UPS, CubeSmart Self Storage, Extra Space Storage, Bath & Body Works, Raymour & Flanigan, +++!!!
  • This Property Offers HUGE UPSIDE Potential!!!
  • This Could Be Your Next Development Site Or The Next Home For Your Business!!!

OVERVIEW

Calling All Investors, Developers & End-Users!!! 100% Occupied 8 Unit Apartment Building In Bushwick For Sale!!! The Building Features Excellent Signage, Great Exposure, High 9’ Ceilings, R6/C2-3 Zoning, New Roof, New Boiler, New Stoop, New Sidewalk, Skylight, All New LED Lighting, 6 Parking Spaces, +++!!! The Property Is Located In The Heart Of Bushwick Just Off Myrtle Avenue Only 2-3 Blocks From The L & M Trains!!! Neighbors Include Starbucks, Northwell Health, UPS, CubeSmart Self Storage, Extra Space Storage, Bath & Body Works, Raymour & Flanigan, Shake Shack, CVS, Dunkin’, Taco Bell, Qdoba, Popeye’s Louisiana Kitchen, Subway, White Castle, KFC, +++!!! The Property Offers Easy Access To Manhattan Via The Train & The Williamsburg Bridge!!! This Property Offers HUGE UPSIDE Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 1L (2 Br. Apt.): $27,049.56 Ann.; Lease Exp.: 10/1/25. 1R (2 Br. Apt.): $26,929.35 Ann. 2L (2 Br. Apt.): $31,258.80 Ann. 2R (2 Br. Apt.): $$14,651.40 Ann.; Lease Exp.: 9/30/25. 3L (2 Br. Apt.): $24,598.32 Ann. 3R (2 Br. Apt.): $20,929.68 Ann. 4L (2 Br. Apt.): $23,456.16 Ann.; Lease Exp.: 10/31/25. 4R (2 Br. Apt.): $26,799.60 Ann. Billboard Sign: $2,000 Ann. Been Here 10+ Years. M-M. Gross Income: $197,672.87 Ann. Expenses: Gas: $4,872 Ann. Electric: $1,420 Ann. Maintenance/ Repairs: $250 Ann. Insurance: $4,622 Ann. Taxes: $12,839 Ann. Water & Sewer: $8,600 Ann. Total Expenses: $32,603 Ann. Net Operating Income (NOI): $165,069.87 Ann. (5.6% Cap)

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$533 USD /SF

# OF UNITS

8

PRICE/UNIT

$368,750

CAP RATE

5.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1931

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,231 SF

ZONING

R6/C2-3

APN/PARCEL ID

03318-0014

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.