223 Knickerbocker Avenue

Cashflow + Upside: Currently grossing $186K, with clear path to achieve $200K via increases to legal and market rents
50% Free Market: Three units are fully free market and three units are rent stabilized (one of which has a high legal rent of $3,725, roughly in line with market)
Renovated With High-End Finishes: The three FM units are fully renovated with high-end appliances and fixtures and includes in-unit laundry
Transit Oriented Location: The L-train is just two blocks away at Jefferson St, with access to Williamsburg and Union Square within 15 minutes
Desirable Location: One block from Maria Hernandez Park, on Knickerbocker Avenue, the focal point of North Bushwick, with abundant restaurants, retail, and neighborhood amenities

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