Fully Gut Renovated, 6-Family on the M Train
269A Linden Street
Bushwick
Closed 03/05/2020 at
$2,925,000
B52, B54
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718-395-1877
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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.
Attractions
Located just off Knickerbocker Avenue, 269A Linden Street provides great access to a plethora of retail including national and local retail stores such as Popeyes, Subway, Burger King, Bootleg Bar, Father Knows Best, Dromedary Urban Tiki Bar, Pizza Party and Boobie Trap.
The building is located a few blocks away from the Knickerbocker Avenue M station and the Myrtle Wyckoff M and L station.