1 Family, 9 SRO Units & 12 Parking Spaces

1100 Greene Avenue

Bushwick

4,200 Building SF
3294_7 Block_Lot
30 ft x 143.67 ft Irreg. Lot Size
S9 Building Class
1 Family and 9 SRO Rooms Units
6,606 Lot SF
Subways
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Multifamily 1100 Greene Avenue, Bushwick
Matthew Cosentino
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Details

Zoning R6
FAR 2.2/3.0

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of 1100 Greene Avenue. The property consists of: 1 three bedroom free market unit; 9 SRO rooms; 4 indoor parking spaces; and 8 outdoor parking spaces.

When fully occupied the property will have a gross rent roll of ~$147,000/year.  This equates to about a 6.5% Cap Rate.  The property sits on a massive lot and has ~15,720 Gross Buildable SF.  The property will be delivered with 9 of 10 units occupied and 7 of 12 parking spaces occupied.

Attractions

The building is located near many of the new luxury residential developments in the area, including 1209 Dekalb Avenue (a 120 unit luxury rental project with 24 hour doorman, landscaped courtyard, gym, roof deck, lounges, screening room, rehearsal studios, arcade and shuffleboard courts).

House of Yes
Roberta's
The Wick and The Well
Brooklyn Steel
The Bushwick Collective
The Bog/Art
The Paper Box
Loft Opera

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