$1,250,000
$1,399,000
10.7%For more information regarding the value of a property, please contact us for a free consultation.
3,300 SqFt
SOLD DATE : 06/29/2022
Key Details
Sold Price $1,250,000
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $378
MLS Listing ID 459465
Sold Date 06/29/22
Annual Tax Amount $5,844
Lot Dimensions 20 x 90
Property Description
Three-unit, mixed-use, corner, 2 car garage, brick property for sale. There are 4 levels to this property with approximately 4,400sf sf (approximately 1,100sf each level, which includes unfinished basement). The property is 20ft x 55ft and is situated on a 20ft x 90ft lot and zoned R6, with available additional air rights of approximately 1,200sf. The building features two free market residential units with long-term tenants and one commercial unit on ground floor (which will be delivered vacant). The property is in Bushwick, few blocks to public transportation and Wyckoff Avenue shopping corridor. Great for owner user or investor, needs TLC. Currently, actual CAP rate is just over 5.25% and "projected" Cap Rate for this property is 7% to 9%, based on full asking price.
Location
State NY
County Kings (brooklyn)
Area Bushwick
Zoning R6
Rooms
Basement Full, Unfinished
Interior
Interior Features Restrooms - Public, Other
Hot Water Gas
Heating Gas
Flooring Ceramic, Hardwood, Linoleum
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Handicap Access Yes
Building
Story 3
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
Bought with eXp Realty BKNY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "