BACK ON THE MARKET! Now with signed surrender agreements from the remaining tenants.
On a beautiful treelined street facing a tranquil park in Bedford Stuyvesant sits this beautiful 25' wide 5 family brick face building. It is set up with a huge 1500sf wrap-around garden apartment with 4 spacious rentals above. Currently the 4 rentals are 3-one bedroom apartments and 1-two bedroom apartment but with a little work they are all spacious enough to be two and three bedroom apartments. Each of the upper units are bright, airy and upgraded(or in the process of). There's also an additional 1500 sf clean and dry basement. The building features high ceilings on every floor including a 9' basement ceiling, 5.5 bathrooms and some new windows. The apartments are rent stabilized. Currently there are two vacancies. The remaining tenants are all family members, downsizing and moving forward together.
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The subway is is 2.5 blocks away with plenty of social activities, shops and cafe’s.
Altogether, this home at this price is geared to generate great income as an investment property at a near 8% cap rate in the near future. A rare find for NYC today.