168 Bleecker St

Brooklyn, NY 11221 View Map $1,120,000 Ask a Question
Baths6
Sq.Ft.4,875
Year1931

Momentum Real Estate

(718) 382-0005

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Status: Sold
Property Type:Multi-Family
MLS #:474394
Sq. Feet:4,875
Date Sold:11/20/2023
Lot Size:2,500 Sq. Ft.
County:Kings (Brooklyn)
CALLING ALL INVESTORS LOOKING FOR STABLE CASH FLOW!!
LOCATED IN THE EMERGING AND RAPIDLY GENTRIFYING AND APPRECIATING CENTRAL BUSHWICK NEIGHBORHOOD OF BROOKLYN.
BACK ON THE MARKET WITH 2 NEWLY RENOVATED UNITS AND HIGHER RENT ROLL THIS ALL-BRICK GEM IS WELL RUN AND IMPECCABLY MAINTAINED.
THE 3 STORY BUILDING PROVIDES 6 SPACIOUS 2 BEDROOM UNITS WITH CENTER LINE PLUMBING. ZONED R6, THE PROPERTY IS AN OPPORTUNITY FOR A VALUE-ADD MULTIFAMILY GENERATIONAL INVESTOR TO ACQUIRE A CASH FLOWING PROPERTY IN A HIGHLY DESIRABLE AND CENTRALLY LOCATED BROOKLYN NEIGHBORHOOD.

FULLY OCCUPIED WITH ALL TENANTS PAYING RENTS IN FULL AND ON TIME. DRIVE BY SHOWINGS ONLY.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
11/20/2023$1,179,000$1,120,000-5%

Community Information

Address:168 Bleecker St, Brooklyn, NY 11221
Area:Bushwick
County:Kings (Brooklyn)
City:Brooklyn
Subdivision:Brooklyn
Zip Code:11221

Architecture

Bathrooms: 6
Year Built:1931
Stories:3
Building Type: Attached
Construction Materials: Brick
Exterior: Brick
Building Footprint Sq Ft: 1625
Building Dimension: 65.00 x 25.00
Roof: Flat
Foundation: Block
Basement Amenities: Cellar, Unfinished
Parking Features: Street

Features / Amenities

Residential Features: Refrigerator, Stove
Flooring: Hardwood
Building Amenities: Door - Intercom
AC Units: 5+
Heat Delivery: Baseboard
Heating Fuel: Gas
Hot Water: Gas

Property Features

Lot Size: 2,500 Sq. Ft.
Lot Number: 25
Yard: Back
Electric: 220 V
Zoning:R6

Tax and Financial Info

Financing: 1031 Exchange, Bank Mortgage, Cash
Tax: $6,931
Cap Rate: 0.07
Fuel Expenses: $4,599
Insurance Expense: $3,805
Gross Expense: $21,174
Gross Income: $101,597
Net Operating Income: $80,423

Schools

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Listing Information Last Updated 7/20/2024
Listing provided courtesy of Rockaway Properties.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than Momentum Real Estate are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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