Free-Market, Mixed-Use Corner Building In Bushwick

644 Wilson Avenue

Bushwick

Size 4,350 SF
Cross Streets Cooper + Moffat Street
Residential Units 5
Retail Space 1
Subways
l
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Mixed-Use 644 Wilson Avenue, Bushwick
Matthew Cosentino
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Details

NOI $119,850
Cap rate 5.1%

Overview

  • Free market corner building
  • 5 gut-renovated residential units
  • One retail unit – lease expiring this year
  • $540/SF for renovated building
  • $119,850 NOI
  • 5.1% in-place cap rate with easy path to 6% cap
  • Across the street from Wilson Avenue L subway station

Attractions

Nowadays, Father Knows Best, The Hand, The Evergreen, Houdini Kitchen Laboratory

Nowadays
Father Knows Best
The Hand
The Evergreen
Houdini Kitchen Laboratory 

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