This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1106 Bushwick Ave
Brooklyn, NY 11221
Residential Property For Sale · 8 Units
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.04 AC |
| Property Type | Residential | Building Size | 3,202 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid Rise | Number of Floors | 4 |
| Building Class | B | Year Built | 1931 |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 3,202 SF |
| Average Occupancy | 100% |
| Number of Floors | 4 |
| Year Built | 1931 |
Unit Amenities
- Cable Ready
- Heating
- Eat-in Kitchen
- Kitchen
- Wooden Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Wi-Fi
- Yard
- Basement
- Dining Room
- Family Room
- Freezer
- Garden
- Handrails
- Intercom
- Lawn
- Linen Cupboard
- Patio
- Porch
- Skylights
Site Amenities
- Courtyard
- Fenced Lot
- Security System
- Gas Range
- Rubbish Collection - Kerbside
- Public Transportation
About 1106 Bushwick Ave , Brooklyn, NY 11221
Located at the crossroads of Bushwick and the Stuyvesant Heights section of Bed-Stuy, this fully occupied 8-family brownstone currently generates an Net Operating Income exceeding $100,000 annually with a present CAP Rate exceeding 5%. Ideal for a 1031, turn-key investment property or, due to exclusively free market rents that are not subject to rent stabilization limits, this property is also ideal for conversion to condominiums as an alternative investment opportunity to increase earning potential. Current configuration includes six (6) 1-bedroom apartments and two (2) studio apartments with individually metered electric, an exterior surveillance system, new roof and a gas-fired Williamson boiler. Each apartment features a full kitchen with tiled back-splash, range hood and modern appliances, hardwood flooring throughout, as well as a full-sized tiled bathroom with tubs. In addition, the two top floor rental units have skylights in the kitchen for maximum exposure to sunlight. This Brownstone is built 20ft x 40ft on a 20ft x 80ft lot at an FAR of 1.50 and an approximate increased FAR of 2.43. Located close to Broadway and within 2-3 blocks of mass transit, restaurants and other amenities, this building is poised to be a long-term income-generating opportunity or desirable condo conversion. As all units are occupied, please request advance access to show.
PROPERTY TAXES
| Parcel Number | 03357-0034 | Improvements Assessment | £146,940 |
| Land Assessment | £45,919 | Total Assessment | £192,859 |
PROPERTY TAXES
zoning
| Zoning Code | R6 |
| R6 |
