422 Bleecker St - Apartments FOR SALE
Brooklyn, NY 11237 |
$900,000 USD
914-584-7422
422 Bleecker St
Brooklyn, NY 11237
HIGHLIGHTS
- Located on an idyllic Street in Prime Bushwick, one block from Wyckoff Avenue.
- The building is fully rent-stabilized and is currently fully occupied with 100% collections.
- Natural tenant turnover opens the opportunity for owner occupancy in the short term.
- Legal rents are 10% above preferential rents, offering the ability to increase returns.
- Dimensions of 27’ x 70’ with air shafts provide spacious and bright layouts.
- Well maintained, with little to no need for short-term capital improvements.
FOR SALE DETAILS
PRICE
$900,000 USD
PRICE/SF
$188 USD /SF
# OF UNITS
6
PRICE/UNIT
$150,000
CAP RATE
8.5%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
422 BLEECKER ST
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1931
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.06 AC
LAND SF
2,730 SF
ZONING
R6
APN/PARCEL ID
03312-0016
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914-584-7422
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914-584-7422
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