8 Unit Walk-Up Building with 4 Renovated Free-Market Apartments

16 Stanhope Street, Brooklyn, NY

$3,250,000

Price

8,500 sqft

Building Size

3,550 sqft

Lot Area

Gallery
Street
Map
Overview
Building Size
8,500 sqft
Lot Area
3,550 sqft
Units
8
Zoning
R6
Floors
4
Highlights
  • 4-story walk-up building with 8 apartments. 4 rent-stabilized and 4 free-market units
  • Protected Tax Class 2B - limits property tax increases year over year
  • Ability to raise rents with 3BR units in neighboring properties renting for north of $4,500/month
  • Walking distance to public transportation via the JMZ lines as well as the B38 bus line
  • Free market units have all been renovated and feature in unit washer/dryer, dishwasher, stainless steel appliances with spacious 3BR/2B layout
  • Opportunity to invest in a building with low turnover and high demand keeping vacancy rates low while rents grow year over year
  • Located in Bushwick, a neighborhood seeing immense growth and development offers many restaurants, bodegas, shops & experiences throughout
Documents
Title
LIsting Setup
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery