$1,425,000
- Beds
- 6
- Baths
- 6.0
- sq ft
- Unknown
1477 Bushwick Ave, Brooklyn, NY 11207
1477 Bushwick Ave
New York City, NY 11207
- 26 days on market
This 25-foot wide Bushwick six-family rent-stabilized building currently delivers an immediate approximate capitalization rate of over 6% with room to grow to over 8% based on the legally registered rents.
With six floor-through apartments and just two apartments per floor, tenants enjoy privacy and ease of access through two entries into each apartment.
The entire full-height basement can be used for storage, laundry, recreation, or other additional revenue streams. It can be accessed through the building's common hall or via the private facade entrance in front of the building.
The building also boasts a private 37-foot deep backyard that is not currently in use by any tenants and could provide ample revenue opportunities.
1477 Bushwick Avenue is located in the heart of Bushwick among shops, bars, and restaurants. The building is easily accessible via the L, J, and Z subway lines, multiple bus lines, and Citi Bike.
*Please consult with your financial advisor regarding this investment opportunity.
Details
Property type
Townhouse
Lot size
Unknown
Price per sq ft
Unknown
Year built
1911
Annual property taxes
$10,656
HOA
No
Price History
01/30/2025
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REBNY #RLS11031695
Listed
$1,425,000
Schools & Community
Neighborhood:
Bushwick
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 02/25/2025 at 8:20 PM
Listing updated: 01/30/2025 at 6:03 PM
Listed by: Rita Elizabeth Kee, CORE Group Marketing LLC Phone #: (212) 419-8580
MLS: REBNY #RLS11031695
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