294 Stanhope Street, Brooklyn, NY, 11237
$2,195,000
Multi Family
Commercial
Details
ML#: 876078
- # of Families: 6
- Sale or Rent:Sale
- Year Built: 1931
- Taxes: $8,393
- Status:Active
Description
6-Family Investment Gem in the Heart of Bushwick – Live in Luxury, Collect 5 Rents!Welcome to a rare investment (7% projected CAP rate) and lifestyle opportunity in the vibrant and rapidly gentrifying neighborhood of Bushwick, Brooklyn.This solid investment 6-family property offers the perfect blend of upscale living and smart investing. Whether you’re an investor looking for strong rental income or a buyer seeking a luxury home with built-in revenue, this one checks all the boxes.Apartment A is a luxuriously renovated duplex masterpiece featuring approximately 1, 500 sq ft of high-end living space. Currently configured as a spacious 1-bedroom with 1.5 baths, it can easily be converted into a 3-bedroom layout. Enjoy top-tier finishes including:- Custom white maple cabinetry- GE Profile stainless steel appliances (microwave, dishwasher, refrigerator with automatic ice dispenser)- Recessed lighting & hardwood floors- Central A/C and heating (mini-split units)- Solid interior doors, generous closet space- Private outdoor space for your enjoymentOther features include a brand new intercom audio / visual door bell system, new vinyl siding and a large backyard.Live in style while the other 5 units generate passive income. Four of the remaining five apartments have been tastefully renovated, and all are occupied by respectful, paying tenants, ensuring consistent cash flow from day one.Building: 25 ft x 50 ftLot: 25 ft x 100 ftZoning: R6FAR: 1.5; Max FAR: 2.43Taxes: $8, 392/YrThis is a rare find in a prime location with endless upside.
More Property Details
Lot Size: 0.0574
Lot Sq Ft: 2500
Stories: 3
Heat: Natural Gas
A/C: Central Air, Varies by Unit, Wall/Window Unit(s)
Water: Public
Sewer: Public Sewer
Taxes: $8,393
School District: Ps 123 Suydam
Zoning: R6
Listing Information provided courtesy of
Capri Jet Realty Corp
718-388-2188