This contemporary three-unit Brooklyn building is an outstanding opportunity for investors seeking a completely turnkey property featuring a trio of like-new three-bedroom, one-bathroom homes, and an ideal location.
Built in 2005, this multifamily building consists of three spacious full-floor homes filled with hardwood flooring, tall ceilings, and designer lighting. You'll find bright and airy living spaces and bedrooms. Kitchens are finished with modern cabinetry and stainless steel appliances, while bathrooms include floor-to-ceiling tile, large tub/rain showers, roomy vanities, and contemporary fixtures.
The 3,240-square-foot building is positioned on a 20-foot by 100-foot lot with 4,000 square feet of usable floor area and 880 square feet of unused FAR. Unit 1 includes a backyard, and there is a single gated parking place in front. Units 1 and 3 are occupied; Unit 2 is delivered vacant with a projected rent range of $2,800 to $3,100.
Cap rate: 4.12%
Located at the intersection of Bed-Stuy, Bushwick, and East Williamsburg, this building is surrounded by a fantastic mix of old and new Brooklyn amenities, including a great lineup of nightlife venues and restaurants. Residents will enjoy direct access to the Bushwick art scene and neighborhood playgrounds, while J/Z, M, and G trains, excellent bus service, and CitiBikes put the rest of the city within easy reach.
Catch some jazz at the Sankofa Aban Bed & Breakfast.