Description

Knickerbocker Avenue for sale, the property is a three story 4-unit mixed-use building in prime Bushwick. The building has two stores on the ground floor, one is occupied and the other is vacant. The units are two-bedroom apartments with a eating/living area and full kitchen and bathroom. The property has great commercial and residential exposure and is two blocks from the L train. Below is more information about the property please feel free to contact me for a full setup and tour of the building.


THREE STORY MIXED-USE BUILDING FOR SALE
EXCELLENT USER/INVESTMENT OPPORTUNITY
KNICKERBOCKER AVENUE
BROOKLYN, NEW YORK


 


 


East side of Knickerbocker Ave between Jefferson and Troutman


25′ x 100′
First Floor:———25′ x 60′ = 1,500
Second Floor: —-25′ x 60′ = 1,500
Third Floor:——–25′ x 60′ = 1,500
3
4,500
R6: (2.43) with a C1-3 Overlay (2.0)
6,075
1,575
$10,174.36


Description:


A 25’ wide 4-unit three story mixed-use building. The property has two stores on the ground floor and four two-bedroom apartments above. The units are two per floor and are railroad style, which gives them great sunlight to the front and back of the apartments. The units are individually metered for cooking gas and electric. All the meters are in the basement.


The property is a prime investment opportunity because since the units are free market. An investor can make a great profit by renovating the apartments and common areas, and in doing so, can increase the rents.
Renovated two bedroom apartments are renting for $2,500 and the stores are worth $3,500 per month. The investor can also give each unit their own boiler and water heater. The stores also makes the property a great user opportunity, a user can use the stores when the leases expires and live in one of the apartments above.


ASKING PRICE: $2,300,000


 


 k val j 20

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