6 Unit Multifamily Building - 5 Free Market Units, 1 Rent Stabilized, Fully Renovated, Tax Class 2A
393 Bleecker Street
Brooklyn , NY 11237
Highlights
- Turn-key
- Fully renovated
- Tax class 2A
- 6 unit multifamily building
- 5 free market units
- 1 rent stabilized
- Current CAP: 6.4%
- Occupancy Rate: 100%
Description
Introducing a prime investment opportunity in the heart of Brooklyn, 393 Bleecker Street offers a fully renovated, turn-key 5,400 SF, 6-unit multifamily building in a sought-after R6 zoning. With 5 free market units and 1 rent stabilized unit, this tax class 2A property boasts a 100% occupancy rate, delivering immediate and consistent returns. Currently operating at an impressive 6.27% CAP, this well-maintained asset promises a seamless transition for the savvy high-rise investor looking to add a top-performing property to their portfolio.
Located in the Bushwick neighborhood of Brooklyn between Wyckofff Ave & St Nicholas Ave. Bushwick is one of the fastest growing neighborhoods in New York City. It’s a quickly evolving industrial area characterized by colorful street art and converted warehouses that house artist studios, coffee shops, and thrift stores. There are restaurants from all over the world, and a funky nightlife scene that thrives in its bars and clubs. With easy access to public transportation and proximity to other popular Brooklyn neighborhoods.
Nearest Transit: L & M trains at Myrtle - Wyckoff Ave and the B13, B52, B54, B38, & Q55 bus lines.
Nearby tenants include Dunkin', McDonald's, Burger King, FOOD BAZAAR, Mattress Firm, White Castle, Taco Bell, Cinnabon, Planet Fitness, Popeyes Louisiana Kitchen, Walgreens Pharmacy, Blink Fitness Bushwick, Capital One Bank, CVS, and more!
