Legal 3 family in decent condition. Approximately 1500sqft additional FAR to build upon in an increasingly developing area of the Stuyvesant Heights of Brooklyn. Located between Bushwick and Bed-Stuy, this area is seeing strong rental opportunity. Currently two of the three, two-bedroom one bath apartments are occupied and paying less than $2500/mo. With a small investment, an investor could reach $108,0000 annual rent roll. Taxes are low currently $3325/yr and utilities are also on the low side. Transportation and the increasing amount of amenities in the neighborhood are what make this investment shine. The reliable C train is less than two blocks away and the J,Z just six short blocks. Get in while the getting is great!
R6BLot: 18.75 X 100FAR: Built 2250sqft, Max 3750sqft
Legal 3 family in decent condition. Approximately 1500sqft additional FAR to build upon in an increasingly developing area of the Stuyvesant Heights of Brooklyn. Located between Bushwick and Bed-Stuy, this area is seeing strong rental opportunity. Currently two of the three, two-bedroom one bath apartments are occupied and paying less than $2500/mo. With a small investment, an investor could reach $108,0000 annual rent roll. Taxes are low currently $3325/yr and utilities are also on the low side. Transportation and the increasing amount of amenities in the neighborhood are what make this investment shine. The reliable C train is less than two blocks away and the J,Z just six short blocks. Get in while the getting is great!
R6BLot: 18.75 X 100FAR: Built 2250sqft, Max 3750sqft