Property Details

Overview

1239-1241 Willoughby Ave & 243-246 Troutman St, Bushwick, NY 11237 Package Deal! Four 6 Family Properties in Prime Bushwick! This portfolio sale consists of four rent-stabilized buildings in a prime Bushwick right between DeKalb Ave L and Central Ave M train stations. The buildings are surrounded by restaurants, cafes, shops, boutiques, and bars. Total 24 rent-stabilized units including 5 vacant units. One of these buildings has an opportunity for a total rehab! The CAP Rate that buildings generate before debt service and management fees is 8%! All buildings are in R6 zoning. 1239 Willoughby Ave (Brick) Lot: 25 x 100 ft Building: 25 ft x 65 ft Taxes: $10, 064/Yr 1241 Willoughby Ave (Brick) Lot: 25 x 100 ft Building: 25 ft x 65 ft Taxes: $10, 064/Yr 243 Troutman St (Frame) Lot: 25 x 100 ft Building: 25 ft x 55 ft Taxes: $8, 229/Yr 246 Troutman St (Frame) Lot: 25 x 100 ft Building: 25 ft x 60 ft Taxes: $6, 856/Yr Full Set Up is Available for Each Building! *Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.