Excellent Investment Opportunity
Prime location with strong appreciation potential as the nearby casino development moves forward.
All units rented at market rates.
Property Details
Lot Size: 25’ × 100’
Building Size: 25’ × 51’ (Approx. 5,294 SF)
Built in 2018
Zoning: R6
Unit Mix
6 Two-Bedroom / One-Bath units
2 One-Bedroom / One-Bath units
A neighboring building with the same layout has already been converted into 8 individual condominium units, generating an estimated $3 million in net profit.
Separate Utilities
8 Water Meters
8 Gas Meters
9 Electric Meters
8 Heating Systems
8 Hot Water Heaters
Investment Highlights
Fully occupied with excellent tenants
Rent receipts available (no written leases)
Potential for future rent increases
Annual Gross Income: Approx. $210,000
Estimated Cap Rate: 5% – 6%
Outstanding Location
Just a 2-block walk to the bustling Roosevelt Avenue / 7 Train station.
Close to supermarkets, restaurants, Citi Field, and numerous neighborhood amenities.