Free Market Five-Unit Building For Sale in Prime Bushwick Location
773 Hart Street
Bushwick
Closed 03/20/2013 at
$875,000
I would like to be contacted:
718-395-1877
Want Matthew to contact you?
I would like to be contacted:
Google MapsDetails
Overview
The multifamily building located at 773 Hart Street is now offered for sale. The property is located in the Bushwick neighborhood of Brooklyn on Hart Street between Knickerbocker Avenue and Wilson Avenue. The building is conveniently located within close proximity to both the L Train (Dekalb Ave station) and the M Train (Central Ave station).
The three story building consists of a total of 5 free market apartments. There is a ground floor 3 bedroom apartment with backyard access and 4 additional railroad style apartments. Apartment #3R is vacant and all the other units are month to month (except Apartment #2R)
The projected rent potential on the property is approximately $115,000/year in gross income. Currently all the units are collecting between $900-$1,300/month. The building electric has been updated and there is also a new oil boiler. Unit #2R has been renovated.
Attractions
The property is ideally located in one of the most desirable locations in Bushwick. The retail development in this location has exploded with some of the best restaurants, bars, cafes and shops opening in the immediate vicinity, including: Mominette French Bistro, Northeast Kingdom, Tandem Bar, Hanna Natural Organic Market and Wine Shop, The Cobra Club, Green Street Salads and Miles Bar.