550 Hart Street

Bushwick   |   Bushwick Avenue & Evergreen Avenue

Building for sale
$ 3,100,000
Ownership Multi-Family
Lot Size 25'x97'
Floors/Apts 4/4
Status Active
Real Estate Taxes [Per Annum] $ 9,576
Building Type Townhouse
Building Size 25'x70'
Year Built 1931
ASF/ASM 5,250/488
Listing ID: 61849TH

Property Description

Excellent Investment opportunity in East Bushwick! Located exactly where your renters want to be, close to everything!. Conveniently 5 min walk to M train Central Ave Station or 8 Min walk to MJZ trains at Myrtle Ave station. Currently, set up as a 4 family building but could potentially be converted back to its original set up of a 6 family building. Building size 25 feet x 70 feet giving you a 5,250 square footage. The building sits on a lot of 25 feet x 97.5 feet. The current layout is as follow: 1st-Floor (owners duplex and backyard) 2nd Floor has 2 units - 2R (Lease Expires 11.15.19) 2F(Lease Expires 9.1.19 3rd Floor is a 1 unit. It has a current cap rate of 3.59% with a potential cap rate of 4.56% All units are in very good condition and have split units installed in order to save owner costs. All offers must be presented with a pre-approval or proof of funds. Don't miss out on the chance to own ideal 4 family building with the close proximity of Williamsburg and Lower Manhattan.
Excellent Investment opportunity in East Bushwick! Located exactly where your renters want to be, close to everything!. Conveniently 5 min walk to M train Central Ave Station or 8 Min walk to MJZ trains at Myrtle Ave station. Currently, set up as a 4 family building but could potentially be converted back to its original set up of a 6 family building. Building size 25 feet x 70 feet giving you a 5,250 square footage. The building sits on a lot of 25 feet x 97.5 feet. The current layout is as follow: 1st-Floor (owners duplex and backyard) 2nd Floor has 2 units - 2R (Lease Expires 11.15.19) 2F(Lease Expires 9.1.19 3rd Floor is a 1 unit. It has a current cap rate of 3.59% with a potential cap rate of 4.56% All units are in very good condition and have split units installed in order to save owner costs. All offers must be presented with a pre-approval or proof of funds. Don't miss out on the chance to own ideal 4 family building with the close proximity of Williamsburg and Lower Manhattan.

Listing Courtesy of Compass

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Apartment Features

A/C [Central]
550 Hart Street Bushwick Brooklyn NY 11221

Building Details [550 Hart Street]

Ownership Multi-Family
Service Level None
Access Walk-up
Block/Lot 3226/15
Building Size 25'x70'
Zoning R6
Building Type Townhouse
Year Built 1931
Floors/Apts 4/4
Lot Size 25'x97'

Mortgage Calculator in [US Dollars]

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Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2020 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.