Fully Gut Renovated, 6-Family on the M Train

269A Linden Street

Bushwick

$3,100,000

Total Building Size 5,338 SF
Frontage 20 FT
Cap Rate 5.75%
Cross Streets Knickerbocker Ave & Irving Ave
Subways
a
l
m
Buses
B52, B54
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Multifamily 269A Linden Street, Bushwick
Matthew Cosentino
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Details

Lot Size 20 ft x 100 ft
Zoning R6
NOI $178,067

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of fully gut renovated, rented multifamily building located at 269A Linden Street in the Bushwick neighborhood of  Brooklyn. The property is located between Knickerbocker and  Irving Avenue.

The six-family, brick building consists of six Free Market units including two four-bedrooms, one three-bedroom duplex, a  two-bedroom duplex, and two two-bedrooms. The whole building has recently undergone a full gut renovation. The units each  include washer/dryer, granite counter-tops, and separate heating. The building has a total SF of 5,338 SF. The property is fully occupied with a gross rent roll of $206,384 and a NOI of $178,067. At the asking price, the building represents a 5.75%  cap rate and a PPSF of $580.

Attractions

Located just off Knickerbocker Avenue, 269A Linden Street provides great access to a plethora of retail including national and local retail stores such as Popeyes, Subway, Burger King, Bootleg Bar, Father Knows Best, Dromedary Urban Tiki Bar, Pizza  Party and Boobie Trap.

The building is located a few blocks away from the Knickerbocker Avenue M station and the Myrtle Wyckoff M and L station.

Popeyes
Subway
Burger King
Bootleg Bar
Father Knows Best
Dromedary Urban Tiki Bar
Pizza Party and Boobie Trap.

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