304 Stuyvesant Avenue, Brooklyn, NY 11233
1 Photo
 
Listed By  
COVER REALTY N Y C
 
$3,000,000
Active for Sale
 
Listing ID 10703354
Property Type Multi-Unit (5+)
County Kings
Township Kings
Neighborhood Bedford Stuyvesant
   

16 Family In Stuyvesant Heights With 7 Freemarket & 4 Vacancies

Cover Realty NYC has been retained to arrange for the sale of 304 Stuyvesant Avenue, a large walk-up building in the Bedford-Stuyvesant neighborhood of Brooklyn. Property will be sold "As Is" with no "Representations". With 26' of frontage, this property offers spacious layouts and with plenty of light and air, allowing studio and 1 BR units. The building comprises of approximately 8,300 Gross SF, and includes 16 residential apartments, not including an unfinished basement unit. 7 of the apartments are freemarket and 5 tenants have preferential rents. All units are grossly under market, collecting an average rent of less than $1300. on average, representing enormous upside in rents over time. Perfectly positioned on a beautiful brownstone street in Stuyvesant Heights, The trains are located nearby at Fulton and Utica Avenue, providing direct access to Downtown Brooklyn and Manhattan in 20 minutes.
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Property Details
  • 16 Full Baths
  • 4 Stories
  • Available 2/14/2020
  • Lower Level: Unfinished
  • Renovation: All units need light renovations
Interior Features
  • Vinyl Flooring
  • Linoleum Flooring
  • Steam Radiators
  • Gas Fuel
Exterior Features
  • Masonry - Brick Construction
  • Brick Siding
  • Street View
  • Near Train
Commercial Info
  • 6% Cap. Rate
Income/Expenses
  • Gross Income $252,978
  • Net Income $181,630
  • Operating Exp $71,348
  • Paid by Landlord: Heat
Listed By
COVER REALTY N Y C
Listing data is deemed reliable but is NOT guaranteed accurate.
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