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Multifamily

219 Cornelia Street

219 Cornelia St, Brooklyn, NY 11221

Listing Price: $1,500,000

Cap Rate
3.20%
Number of Units
3
Occupancy
100.0%
Price/Unit
$500,000
Price/Gross SF
$584.80
Gross SF
2,565

Investment Overview

The NYM Group at Marcus & Millichap is pleased to present 219 Cornelia Street for sale in central Bushwick. The building is ideally located in the most desired pocket of Bushwick b/w Wilson & Central Avenue. It’s surrounded by new development, popular restaurants/bars and offers immediate access to the Wilson Avenue L train. There’s value-add potential with the opportunity for a 70% increase in rent roll after renovations. This is an opportunity to purchase a lucrative dynamic rental property with a low expense ratio.

Investment Highlights

  • 3-Unit Value Add Delivered Vacant
  • Large Floor-through Units
  • Opportunity to Significantly Increase Value Through Renovation & Unit Reconfiguration
  • 3 Blocks to Irving Square Park & Short Walk to the L T

Exclusively Listed By

Multifamily

219 Cornelia Street

Listing Price: $1,500,000

Cap Rate
3.20%
Number of Units
3
Occupancy
100.0%
Price/Unit
$500,000
Price/Gross SF
$584.80
Gross SF
2,565

Investment Highlights

  • 3-Unit Value Add Delivered Vacant
  • Large Floor-through Units
  • Opportunity to Significantly Increase Value Through Renovation & Unit Reconfiguration
  • 3 Blocks to Irving Square Park & Short Walk to the L T

Investment Overview

The NYM Group at Marcus & Millichap is pleased to present 219 Cornelia Street for sale in central Bushwick. The building is ideally located in the most desired pocket of Bushwick b/w Wilson & Central Avenue. It’s surrounded by new development, popular restaurants/bars and offers immediate access to the Wilson Avenue L train. There’s value-add potential with the opportunity for a 70% increase in rent roll after renovations. This is an opportunity to purchase a lucrative dynamic rental property with a low expense ratio.

Exclusively Listed By

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