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1430 Dekalb Ave

6 Unit Block of Flats £1,144,050 (£190,675/Unit) 6.95% Net Initial Yield Brooklyn, NY 11237

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Investment Highlights

Calling All Investors, Developers, & End-Users!!! 100% Occupied 6 Unit Apartment Building In Bushwick For Sale!!!
The Property Is Located In The Heart Of Bushwick Just 2 Blocks Off Myrtle Avenue!!!
! This Property Offers HUGE Upside Potential!!!

The Property Features Excellent Signage, Great Exposure, Strong R6 Zoning, 6 Parking Spaces, High 10’ Ceilings, Separate Meters, Low Property Taxes,+!
Neighbors Include UPS, The Home Depot, T-Mobile, Dunkin’, CubeSmart Self Storage, Walgreens, JD Sports, Subway, Wendy’s, KFC, +++!!!
This Could Be Your Next Development Site / The Next Home For Your Business!!!

Executive Summary

Calling All Investors, Developers, & End-Users!!! 100% Occupied 6 Unit Apartment Building In Bushwick For Sale!!! The Property Features Excellent Signage, Great Exposure, Strong R6 Zoning, 6 Parking Spaces, High 10’ Ceilings, Separate Meters, Low Property Taxes, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Bushwick Just 2 Blocks Off Myrtle Avenue!!! The Property Is Situated Minutes From The Barclays Center, Brooklyn Children’s Museum & The Prospect Park Zoo!!! Neighbors Include UPS, The Home Depot, T-Mobile, Dunkin’, CubeSmart Self Storage, Walgreens, JD Sports, Subway, Wendy’s, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!!

Income:
Unit 1L : $16,118.76 Ann.
Unit 1R: $18,227.88 Ann.
Unit 2L: $23,609.16 Ann.
Unit 2R: $15,095.40 Ann.
Unit 3R: $21,420 Ann.
Unit 3L: $23,666.52 Ann.
Gross Income: $118,137.72 Ann.
Expenses:
Gas : $1,320 Ann. (Common Areas)
Electric: $620 Ann. (Hallway & Common Areas)
Water + Sewer: $4,783 Ann.
Insurance: $3,780 Ann.
Taxes: $6,855.88 Ann.

Total Expenses: $17,358.88 Ann.
Net Operating Income (NOI): $100,778.84 Ann.

Property Facts

Price	£1,144,050	Apartment Style	Low Rise
Price Per Unit	£190,675	Building Class	C
Sale Type	Investment	Lot Size	0.06 AC
Net Initial Yield	6.95%	Building Size	4,350 SF
No. Units	6	Number of Floors	3
Property Type	Residential	Year Built	1931
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£1,144,050
Price Per Unit	£190,675
Sale Type	Investment
Net Initial Yield	6.95%
No. Units	6
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.06 AC
Building Size	4,350 SF
Number of Floors	3
Year Built	1931
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.