Turnkey multifamily investment - Ang 281 23rd Street ay isang mahusay na pinanatiling masonry pre-war na gusali na umaabot sa humigit-kumulang 8,492 square feet sa itaas ng lupa. Ang gusali ay naglalaman ng 12 apartment, walo rito ay nakaayos bilang 2 BR, habang ang natitirang apat ay 1 BR. Ang gusali ay inaalok para sa pagbebenta sa kauna-unahang pagkakataon sa loob ng halos 40 taon. Ang kasalukuyang may-ari ay naglaan ng pangmatagalang pag-aalaga sa ari-arian, na nag-aalok sa bagong may-ari ng isang turn-key cash flowing asset. Core asset na may matatag na cash flow at hinaharap na pagtaas - Lahat ng apartment ay rent-stabilized at naipaupa. Ang asset ay kasalukuyang bumubuo ng mahigit $270,000 gross taun-taon. Ang average AGI/NSF ay $34.61, na katumbas ng average monthly rent na $1837 bawat apartment, ito ay humigit-kumulang 75% ng market rents ng mga katulad na nirentahan sa lugar. Pinapayagan nito ang mga susunod na mamumuhunan na samantalahin ang agarang kita mula sa upa mula sa unang araw na halos walang trabaho, habang pinapanatili ang makabuluhang pangmatagalang pagtaas habang ang mga yunit ay naihahatid sa market rate sa paglipas ng panahon. Perpektong lokasyon na may maraming pasilidad - R subway station sa 25th Street station at ang Prospect Avenue station (D, N, R, W trains). Mayroong ilang mga pamilihan, bangko at mga convenience store pati na rin ang dose-dosenang mga café at restoran sa agarang lugar sa kahabaan ng retail corridor ng 5th Avenue. Ang lokasyon ay nagbigay ng tuwid na biyahe papuntang Manhattan at Brooklyn sa pamamagitan ng mga linyang ito. Perpektong nakapuwesto para sa mabilis na pag-access sa pangunahing highway interchange ng I-278 (Gowanus Expressway) at NY-27 (Prospect Expressway).

Turnkey multifamily investment - 281 23rd Street is a beautifully-maintained masonry pre-war building spanning approximately 8,492 square feet above-grade. The building hosts 12 apartments, eight of which are configured as 2 BR, while the remaining four are 1 BR. The building is being offered for sale for the first time in almost 40 years. Current ownership has taken long-term care of the property, offering new ownership a turn-key cash flowing asset. Core asset with stable cash flow and future upside - All apartments are rent-stabilized and leased. The asset currently generates over $270,000 gross annually. Average AGI/NSF is $34.61, equating to an average monthly rent of $1837 per apartment, this is approximately 75% of market rents of comparable rentals in area. This allows future investors to take advantage of immediate rental income on day one with virtually no work, while retaining substantial long-term upside as units are brought to market rate over time. Ideal location with multiple amenities - R subway station at the 25th Street station & the Prospect Avenue station (D, N, R, W trains). There are several markets, banks and convenience stores along with dozens of cafes and restaurants in the immediate area along 5th Avenue retail corridor. The location provides straight forward commutes to Manhattan and Brooklyn via these lines. Ideally positioned for quick access to the major highway interchange of I-278 (Gowanus Expressway) and NY-27 (Prospect Expressway).