Multifamily | Fully Free-Market | FOR SALE

$2,950,000

641 Central Avenue, Brooklyn, NY 11207

For Sale

Multifamily

Active

Last Updated: 11/04/2024

Cap Rate: 6.55%

NOI: $193,079

Building Size: 5,000 sqft

Zoning: R6 / 2.20

Fantastic Light & Air: 120 feet of corner frontage provides significant light and air, allowing for efficient unit layouts.
Fully Free-Market: The property was converted from a 4-family to an 8-family, via an alteration 1, and never regulated by DHCR.
Transportation Accessibility: 2-blocks to the Wilson Avenue L-train, providing access to North Bushwick, Williamsburg and Manhattan within 25 minutes.
Protected Tax Class: 2A Tax Class limits tax increase to no more than 8% a year or 30% over 5 years.
Low Maintenance: Building has been renovated and meticulously maintained, with no need for short- term capital improvements.

	Title
	Offering Memorandum

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