Multifamily | 5 Free-Market | FOR SALE

$2,500,000

90 Starr Street, Brooklyn, NY 11237

For Sale

Multifamily

Active

Last Updated: 11/04/2024

Cap Rate: 6.15%

NOI: $153,762

Building Size: 4,350 sqft

Zoning: R6

Well-Located: In the heart of Bushwick, one of NYC’s most dynamic and sought after neighborhoods, steps to Maria Hernandez Park and close proximity to E. Williamsburg
Neighborhood Amenities: Within blocks of endless restaurants, galleries, and shopping establishments: Robertas Pizza, House of Yes, Bushwick Collective, Molasses Books, etc
Transportation Accessibility: Close proximity to the Jefferson Street L-train and Central Ave M-train, providing access to Williamsburg and Manhattan within 25 minutes
Nearly All Free-Market: Five of the six units are free-market and collecting $3,300/mo. ($57/SF) on average
Owner-User Opportunity: The building and neighborhood lend well to a hybrid owner/user/investor, living in one or more of the units and renting out the rest
Protected Tax Class: 2A Tax Class limits tax increase to no more than 8% a year or 30% over 5 years

	Title
	Offering Memorandum

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