The subject property is built as a 25' x 67', two story incoming generating building comprised of four apartments and an oversized finished basement with a separate entrance.
The lot is 25' X 100'. The building has a total square footage of approximately 3,354'.
Located on Woodbine Street a beautiful tree-lined block between Central Avenue and Evergreen Avenue in the Bushwick section of Brooklyn.
Currently configured as a legal four-family dwelling, there's no end to the possibilities for this desired investment opportunity.
This property is being conveyed with an extraordinary, approximate 2,725' of air rights.
There are 2 Three Bedroom Apartments
There are 2 Two Bedroom Apartments
All the Leases are scheduled to expire within 7-9 months
All the apartments have separate boilers & hot water heaters.
Built in 2005
Kept in immaculate condition
Laundry in building
Additional features: overhead lighting throughout and stripped hardwood flooring
Actual Rent Roll:
Unit 1F $2,000 (Market rate $2200)
Unit 1R To Be Delivered Vacant ($2600 Projected)
Unit 2F $2,000 (Market rate $2200)
Unit 2R $1700 (Market rate $2600)
Yearly Expenses: (Estimated)
Water/ Sewer = $6,000
Insurance = $1,500
Electric = $2,000
Bushwick, a neighborhood in the borough of Brooklyn, borders Ridgewood (Queens), Williamsburg, and Bedford-Stuyvesant. Bushwick, an industrial stronghold in Brooklyn, is considered a comparable (not to mention less expensive) alternative to nearby Williamsburg. Bushwick straddles both its historically Hispanic roots and the evolving artist scene to create a vibe entirely its own.
The Vitagraph features newly renovated one, two and three bedroom luxury rentals, with roomy living/dining areas and airy bedrooms. The bathrooms are elegantly fitted with each residence offering plenty of room for storage. You’ll live in an environment of natural, unobstructed light, including fresh space in a landscaped courtyard and amazing views from a cityscape rooftop. That’s more air and nature than most city dwellers often get.Read more