198 Jefferson Street

Description

Introducing 198 Jefferson Street Prime Bushwick Investment Property. Fantastic opportunity to purchase this 6-unit multi-family home in the heart of Bushwick Brooklyn, all units are rent stabilized. Other than 3L, the units will be delivered with tenants in place, generating a steady cash flow from the start. This property has 6 bedrooms, 6 bathrooms and the building sits on a 25 100 SF lot with 4,123 SF of residential space and was built in 1931. Allowed usable floor area: 6,073 Usable floor area as built: 4,123 Unused FAR: 1,950 Tenants pay gas and electricity offering low carrying costs to the owner. There is huge upside in this property by way of future vacancies and renovation. RESIDENTIAL RENT PER MONTH: $6,040 + vacant 3L (last tenant paid $1840) = $7,880 EXPENSES MONTHLY: $2810 Bushwick is one of the most popular neighborhoods in Brooklyn and has seen tremendous appreciation in property value over the past few years. Close proximity to the J and L trains offers tenants an easy commute to Manhattan in 25 minutes. You can't go wrong with 198 Jefferson Street! All offers submitted with proof of funds, must take AS IS. Schedule your appointment today. 2023 Level Group copyright. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) REFERENCED HEREIN OR AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER. ANY PROJECTIONS, OPINIONS OR ESTIMATES ARE SUBJECT TO UNCERTAINTY AND DO NOT SIGNIFY CURRENT OR FUTURE PROPERTY PERFORMANCE. It is the responsibility of the prospective purchaser to make an independent determination as to the condition and other investment factors of the property (or properties) in question and same cannot rely upon any representation made by Level Group or any broker associated with Level Group.