Fully Gut Renovated, 6-Family on the M Train

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of fully gut renovated, rented multifamily building located at 269A Linden Street in the Bushwick neighborhood of  Brooklyn. The property is located between Knickerbocker and  Irving Avenue. The six-family, brick building consists of six Free Market units including two four-bedrooms, one three-bedroom duplex, a  two-bedroom duplex, and two two-bedrooms. The whole building has recently undergone a full gut renovation. The units each  include washer/dryer, granite counter-tops, and separate heating. The building has a total SF of 5,338 SF. The property is fully occupied with a gross rent roll of $206,384 and a NOI of $178,067. At the asking price, the building represents a 5.75%  cap rate and a PPSF of $580.