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his 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.
Property Type(s):
Commercial
| Last Updated | 1/30/2025 | Year Built | 1911 |
|---|---|---|---|
| County | Kings (Brooklyn) |
SCHOOLS
| Elementary School | Ps/Is 45 Horace E Greene |
|---|---|
| Jr. High School | All City Leadership Secondary Sch |
| High School | All City Leadership Secondary Sch |
Additional Details
| AIR | None |
|---|---|
| BASEMENT | Full, Walk-Out Access |
| CONSTRUCTION | Block |
| HEAT | Oil |
| LOT | 2252 sq ft |
| SEWER | Public Sewer |
| STORIES | 3 |
| TAXES | 10924.5 |
| UTILITIES | Natural Gas Available, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Underground Utilities, Water Connected |
| WATER | Public |
Location
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Listed with Core Long Island LLC
Copyright 2025 Hudson Gateway Multiple Listing Service, Inc. All rights reserved.
The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Suburban Realty are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information deemed reliable but not guaranteed.
Date Last Updated: 1/31/25 12:45 AM PST
This IDX solution is (c) Diverse Solutions 2025.
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