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294 Stanhope Street Brooklyn, NY 11237
$2,195,000
  • Commercial
  • Year Built 1931
  • Multi Family
  • ML# 876078

Property Details

Overview

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.

Key Facts

  • Lot Size: 0.0574
  • Lot Sq Ft: 2500
  • Taxes: $8,393
  • Sale or Rent: Sale
  • School District: Ps 123 Suydam
  • Zoning: R6

Additional Features

  • Construction Materials: Frame
  • Wood Floors: Yes
  • Stories: 3

Interior & Utilities

  • Heat: Natural Gas
  • A/C: Central Air, Varies by Unit, Wall/Window Unit(s)
  • Water: Public
  • Sewer: Public Sewer

Financial

  • Taxes: $8,393
Listing Information provided courtesy of Capri Jet Realty Corp  718-388-2188
OneKey™ MLSThe source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS