Turnkey Opportunity: Well-maintained building with upgraded utilities allowing for little to no short-term capital improvement requirements.
Low Basis: Priced at $252 per SF—below the trailing 12 month year-to-date average of $290 per SF for Bushwick Multifamily.
Premier Location: Located in the heart of Bushwick, this property is 2 blocks from Maria Hernandez Park and half a block away from Knickerbocker Avenue – a vibrant mix of acclaimed restaurants, boutique retail, and creative workspaces.
Tax Class Protection: Designated as a 2A Tax Class property, capping tax increases at 8% annually or 30% over five years.
Transit-Oriented Location: Located 2-3 blocks from Knickerbocker Avenue M-Line and Dekalb Avenue L-Train.