1319 Jefferson Avenue, Brooklyn, NY, New York 11221. DEAL FELL THROUGH! Don't miss this one!This townhouse occupies a generous 19 x 45ft footprint on a 100ft lot in prime Bushwick, a few blocks from the Halsey St L and J trains. Exciting new restaurants, shops, and services are opening every day. Current income of more than $90K/year is slightly under market.With a cap rate of just under 5% and plenty of unused FAR, this fully renovated 3-FAMILY is an investor's dream come true. 3 spacious floor-through apartments, separately metered (with a 4th electrical meter), are perfectly set up for a condo conversion; or dont do a thing and begin collecting your rent checks at a nearly 5% cap rate - great tenants, mostly on month-to-month leases, have been in place since 2016 when the building was renovated! A finished basement has flexible access so can be annexed to the garden apartment for duplexing, or used as common storage for all units. The garden is accessible from 2 units, offering further possibilities and flexibility.In the market for a condo? Live in one unit while collecting more than $5k per month from the other units to put towards the mortgage. Top floor: 3 bedroom, 1 bathroomParlor floor: 2 bedroom, 1 bathroom, plus garden accessGarden/Basement duplex: 2 bedroom, 1 bathroom plus garden access and rec room or storage Central air & heat plus laundry units in all apartments. Smart, bright layouts, nice finishes, high ceilings, and details like exposed brick seal the deal. All mechanicals, including electrical, plumbing and roof, were done in the renovation.Dont miss out on this clear investment win!
Listing courtesy of The Corcoran Group