Overview

Highlights

• Charismatic mixed-use building located on the corner of Hart Street and Knickerbocker Avenue
• 125’ of wraparound frontage along Bushwick’s primary mixed-use corridor
• Located steps from Maria Hernandez Park and just two blocks from both L & M trains
• Meticulously maintained with major updates throughout apartments and commons areas
• Large residential units with bright corner exposure and ample light and air
• Occupied by two neighborhood staples, Hartbreakers Restaurant and Paradise Taco
• $340,000 Gross Income with a $250,000 NOI, offering a 6.5% Cap Rate at our Ask
• Income Mix: 43% Free Market, 43% Retail, and 14% Rent Stabilized
• Unit Mix: Two (2) retail units, four (4) free-market, and four (4) rent-regulated apartments
• Apartments: Three (3) 1BR, four (4) 2BR, and one (1) 3BR
• Tax Class 2B limits tax increases to no more than 8% a year, or 30% over 5 years

Documents

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