503 Evergreen Ave Brooklyn, NY 11221

Exceptional investment opportunity: This 4-story, 12,590 square foot apartment building in Brooklyn's vibrant Bushwick neighborhood boasts 11 units, including 9 apartments and 2 retail spaces. Constructed in 2019, the property features a 100% occupancy rate and benefits from a 35-year tax abatement (70/30) initiated in 2022. The retail space, totaling 7,850 square feet across the ground and lower levels, is leased under a triple-net (NNN) agreement, meaning the tenant covers all utilities and their portion of property taxes. Residents are responsible for their own utilities. Building amenities include a dog spa, storage, laundry room, and rooftop access. Situated on a 3,000 square foot lot, this property is zoned R6 and presents a compelling return on investment. The asking price is $7,000,000, translating to $636,363.64 per unit and $596 per square foot. This turnkey property offers immediate cash flow and significant long-term potential in a rapidly appreciating market.