Multifamily

168 BLEECKER ST

168 Bleecker St, Brooklyn, NY 11221

Listing Price: $1,100,000

Cap Rate
4.43%
Number of Units
6
GRM
15.42
Price/Unit
$183,333
Price/Gross SF
$225.78
Gross SF
4,872

Investment Overview

Marcus and Millichap is pleased to present for sale on an exclusive basis 168 Bleecker Street (Block and Lot: 03306-0025) located in the Central Bushwick Neighborhood of Brooklyn. The property is built 25 feet by 65 feet and sits on a lot that is 25 feet by 100 feet. The three story brick building provides six spacious two bedroom units with center line plumbing. Zoned R6, the property is an opportunity for a value-add multifamily generational investor to acquire a cash-flowing property located in an emerging neighborhood and rapidly gentrifying neighborhood in Brooklyn.

This is an opportunity for an investor to acquire a long-term property with stable cash flows in a rapidly appreciating neighborhood of Brooklyn.

Investment Highlights

  • Six Large Two-Bedroom Railroad Style Layouts with Center Plumbing.
  • Upgraded Electrical and Gas Meters.
  • Large Finished Basement.
  • Newly Installed Boiler.
  • Protected Tax Class 2A with Restricted Increases.
  • Close Proximity to Knickerbocker Ave M Train Stop
  • Spacious Rear Courtyard.

Exclusively Listed By

Financing By

Listing Price: $1,100,000

Cap Rate
4.43%
Number of Units
6
GRM
15.42
Price/Unit
$183,333
Price/Gross SF
$225.78
Gross SF
4,872

Investment Highlights

  • Six Large Two-Bedroom Railroad Style Layouts with Center Plumbing.
  • Upgraded Electrical and Gas Meters.
  • Large Finished Basement.
  • Newly Installed Boiler.
  • Protected Tax Class 2A with Restricted Increases.
  • Close Proximity to Knickerbocker Ave M Train Stop
  • Spacious Rear Courtyard.

Investment Overview

Marcus and Millichap is pleased to present for sale on an exclusive basis 168 Bleecker Street (Block and Lot: 03306-0025) located in the Central Bushwick Neighborhood of Brooklyn. The property is built 25 feet by 65 feet and sits on a lot that is 25 feet by 100 feet. The three story brick building provides six spacious two bedroom units with center line plumbing. Zoned R6, the property is an opportunity for a value-add multifamily generational investor to acquire a cash-flowing property located in an emerging neighborhood and rapidly gentrifying neighborhood in Brooklyn.

This is an opportunity for an investor to acquire a long-term property with stable cash flows in a rapidly appreciating neighborhood of Brooklyn.

Exclusively Listed By

Financing By

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