NYC Commercial Properties: Bedford Stuyvesant Commercial Property for Sale

 

bed stuy 5 family investment property

SOLD
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Description

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.
Call for more details.

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.




Amenities

  • Courtyard
 

Essentials

ID #: 1029
Price: $1,695,000
Location: Macon Street
Cross Street : HOWARD AND SARATOGA
Property Type: Building
Approx. Size: 4,275 SqFt
Availability: NOW!
Taxes: $ 60
Pet Policy: Pets OK
 

Amenities

  • Courtyard
 
 
 

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Contact Agent

Property Contact P: 212.709.8079
C: 718.314.4427
 
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