- For Sale $2,950,000
- Property Type Multi-Family
- Property Size 5,000 SF
- Units 8
- Lot Size 0.06 Acre
- Cap Rate % 6.55
- Year Built 1920
- Date Updated Jan 23, 2025
Description
- Fantastic Light & Air: 120 feet of corner frontage provides significant light and air, allowing for efficient unit layouts.
- Fully Free-Market: The property was converted from a 4-family to an 8-family, via an alteration 1, and never regulated by DHCR.
- Transportation Accessibility: 2-blocks to the Wilson Avenue L-train, providing access to North Bushwick, Williamsburg and Manhattan within 25 minutes.
- Protected Tax Class: 2A Tax Class limits tax increase to no more than 8% a year or 30% over 5 years.
- Low Maintenance: Building has been renovated and meticulously maintained, with no need for short-term capital improvements.
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Contacts
DJ Johnston
Matthews Real Estate Investment Services
Location
Located at 641 Central Ave, Brooklyn, NY 11207, this property is part of the Bushwick neighborhood and Brooklyn market.
Contact Listing Broker
DJ Johnston
Matthews Real Estate Investment Services
