Commercial Building - Brooklyn, NY
This completely renovated 8-unit multifamily building represents a fantastic investment opportunity with incredible upside in one of Brooklyn's most exciting neighborhoods. Spanning 4,000-square-feet in prime Bedford-Stuyvesant, this building includes eight fully renovated apartments offering new kitchens with stainless steel appliances, modern bathrooms, gleaming hardwood floors, exposed brick walls and great custom lighting. The building has a projected gross annual rent of $185,000 with outstanding upside and 5.8 percent cap rate. Perfectly situated in Bedford-Stuyvesant with immediate access to Crown Heights, Prospect Heights and Clinton Hill, this building is at the center of one Brooklyn's fastest-growing residential enclaves and retail corridors. Set just outside the Bedford Historic District, the building is surrounded by handsome brownstones being restored to their former glory and great local businesses and national chains opening new storefronts. Renowned Brooklyn hotspots Peaches, Glorietta Baldy, Bedford Hall and Speedy Romero are all nearby. Fantastic shopping lines nearby Fulton and Atlantic Avenues, and the attractions of BAM, Barclays Center and Atlantic Terminal Mall are within easy reach. Located on Bedford Avenue between Halsey Street and Hancock streets, express A and local C trains are within a block in either direction.
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NY State MLS