1477 Bushwick Ave 6 Brooklyn, NY 11207

This exceptional six-family building at 1477 Bushwick Avenue in Brooklyn, NY, presents a compelling investment opportunity. The property boasts a substantial 4,725 square feet on a 0.05-acre lot. Currently generating an approximate capitalization rate exceeding 6%, with potential to reach over 8% based on legally registered rents, this property offers significant income potential. The building features six floor-through apartments, each enjoying privacy with two entries per apartment and two apartments per floor. A full-height basement provides versatile space ideal for storage, laundry facilities, recreational areas, or additional income-generating uses. Access is available via the common hall or a private exterior entrance. Adding to its appeal is a private 37-foot deep backyard, currently unused, presenting further revenue opportunities. Situated in the vibrant heart of Bushwick, this property benefits from its proximity to a diverse array of shops, bars, and restaurants. Convenient transportation options include easy access to the L, J, and Z subway lines, multiple bus routes, and Citi Bike. This 25-foot wide building offers a rare combination of strong rental income, significant upside potential, and a desirable location. The property is priced at $1,425,000. Consult with your financial advisor for a comprehensive assessment of this investment.