Two New Gut Renovated 3-Unit Buildings

For Sale - 1183 Jefferson Avenue & 88 Eldert Street- Brooklyn - Bushwick

$3,750,000

Net Operating Income: $196,977

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Key Details

Property Type
MultiFamily
Neighborhood
Bushwick
Property Dimensions
40.0 x 50.0
Property Area
5,700 sq.ft.
Total Units:
6
Stories:
3
NOI
$196,977
Price
$3,750,000
Price Per Unit
$625,000
Cap Rate
5.3%

Listing Description

B6 Real Estate Advisors has been retained on an exclusive basis to arrange for the sale of 1183 Jefferson Avenue and 88 Eldert Street in the South Slope neighborhood of Brooklyn.
· Two vacant gut-renovated 3-unit buildings containing a combined 5,700 square feet.
· Buildings are 100% free market with a potential of 20 bedrooms with projected gross revenue of $240,000.
· Both properties are located within three blocks of the J train at Halsey Street station.

Property Details

Block/Lot:
3382/60
Lot Dimensions
40.0 x 100.0
Lot Area
4,000 sq.ft
Zoning:
R6
FAR as Built:
2.2
Max FAR:
4.8
D.J. JohnstonB6 Real Estate Advisors
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Sales & Transactions

AddressSale PriceSale DateProperty Type
78 DESALES PLACE$1,442,00007/25/2018MultiFamily
253 WEIRFIELD STREET$1,700,00007/20/2018MultiFamily
1140 GREENE AVENUE$300,00007/19/2018MultiFamily
1324 JEFFERSON AVENUE$1,600,00007/12/2018MultiFamily
697C EVERGREEN AVENUE$660,00007/09/2018MultiFamily
77 WEIRFIELD STREET$2,900,00007/09/2018MultiFamily
66 GRANITE STREET$1,200,00007/05/2018MultiFamily
157 CORNELIA STREET$1,210,00006/21/2018MultiFamily
1345 JEFFERSON AVENUE$1,775,00006/19/2018MultiFamily
1043 JEFFERSON AVENUE$1,050,00006/18/2018MultiFamily