223 Central Ave Brooklyn, NY 11221
New
Free-market, gut-renovated 8-unit building near Central Avenue M train.
Property size:
5,485 SFLot size:
2,500.00 AcresProperty Features for 223 Central Ave
General Information
- Standard status
- Active
- Zoning
- R6
- Size
- 5,485 SF
- Lot size
- 2,500.00 Acres
Source:
Crexi
Listing Agency: Bijou Equities LLC Listing Agent: Fred Bijou
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Renovated Multifamily Building in Bushwick
The property at 223 Central Avenue is an 8-unit multifamily building in Bushwick, situated between Stanhope Street and Himrod Street. The 4-story building, totaling 5,485 square feet, was gut-renovated in 2020 under an Alt-1 conversion. It features split-unit HVAC systems, modern kitchen appliances, and in-building laundry. The property is classified as Tax Class 2B, offering long-term tax benefits. As a fully free-market building, it currently generates approximately $334,000 annually. Increasing the units to market rent could potentially raise the gross income to $364,800. The location provides convenient access to transportation, being two blocks from the Central Avenue M train and three blocks from the Knickerbocker Avenue M train. This positions the property within one of Brooklyn’s active rental submarkets.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.923198
- Latitude
- 40.697265
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Free-market, gut-renovated 8-unit building near Central Avenue M train.
Where is this apartment building located?
The property is located at 223 Central Ave Brooklyn, NY.
What are key features of this property?
This property features: - Fully free-market 8-unit multifamily building in prime Bushwick.; - Gut-renovated in 2020 with **modern kitchen appliances and split-unit HVAC systems.**; - Potential to increase gross income to $364,800 by raising rents to market value.
