Matthews Logo

Navigation Menu

289 Bleecker Street, Brooklyn, NY, 11237

289 Bleecker Street
$1,650,000

Key Information

Cap Rate
7.03%
Tot. SF
4,875
Lot Size
0.0574 Acres
Units
6
Type
Apartments
NOI
$115,920

Highlights

  • Turnkey-Opportunity: Well-maintained building with upgraded utilities allowing for little to no short-term capital improvement requirements.
  • Bonus Unit: This property contains a fully finished basement with an office space offering a great owner user opportunity or an ADU to increase cashflows.
  • Zero Violations: This property currently has zero HPD, DOB, or ECB violations is proof of the condition, quality, and nonexistent issues with this opportunity
  • Premier Location: Located in the heart of Bushwick, this property is 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 2-4 blocks from Knickerbocker Avenue M-Line and Myrtle-Wyckoff Ave L-Line.

Photos

Location

Agents

Broker of Record

Cory Rosenthal

License # 10991237833, 10311210106 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017