- Four story multi-family building consisting of 8 units.
- Property is walking distance to Rockaway Avenue [c] Train Station.
- Property is located near Chauncey Street [J,Z] Train Station.
- Property is located near Bushwick Avenue-Aberdeen Street [L] Train Station.
- Price – $ 2,500,000
- Cap – 5.2%
- GRM – 14.99
Thomas S Boyland Street Brooklyn, NY 11233
$2,500,000.00
Details
- Four story multi-family building consisting of 8 units.
- Property is walking distance to Rockaway Avenue [c] Train Station.
- Property is located near Chauncey Street [J,Z] Train Station.
- Property is located near Bushwick Avenue-Aberdeen Street [L] Train Station.
- Price – $ 2,500,000
- Cap – 5.2%
- GRM – 14.99
Additional Information
| Asset Type | Multifamily |
|---|---|
| City | Brooklyn |
| Neighborhood | Ocean Hill |
| Broker | Mark Akilov |
| Price | $ 2,500,000 |
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Related products
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This is a development opportunity. Burger King franchisee will vacate; the seller has a negotiated number to buy out the tenant. The tenant would like to come back to the property and lease space if possible. Buyer has this option.
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J51 Abatement in place, 15 years remaining. New tiles, bathrooms, kitchen works, lighting, etc. Boiler installed in each unit, not under Landlord maintenance. Easy access to Jackie Robinson Expy, Van Wyck Expy and public transportation
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Property is currently 100% leased
Strong retail corridor with heavy foot and car traffic on both sides of the streets
All tenants have 3% annual rental increases
