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422 Bleecker St
Brooklyn, NY 11237 Bushwick

$900,000 USD

Apartments For Sale  •  4,778 SF

Property Details

• Property Type Apartments
• Total Building Size 4,778 SF
• Lot Size 0.06 AC
• Building Class C
• Year Built 1931
• Cap Rate 8.50 %
• Zoning R6

100 Transit Score

91 Walk Score

Highlights

Located on an idyllic Street in Prime Bushwick, one block from Wyckoff Avenue.

The building is fully rent-stabilized and is currently fully occupied with 100% collections.

Natural tenant turnover opens the opportunity for owner occupancy in the short term.

Legal rents are 10% above preferential rents, offering the ability to increase returns.

Dimensions of 27’ x 70’ with air shafts provide spacious and bright layouts.

Well maintained, with little to no need for short-term capital improvements.

Cap Rate:

8.50 %

Amenities

• Air Conditioning
• Heating
• Kitchen
• Refrigerator
• Oven
• Tub/Shower

Public Transportation

Commuter Rail	Drive	Walk	Distance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	7 min	-	3.0 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	11 min	-	3.5 mi
Transit/Subway	Drive	Walk	Distance
Myrtle-Wyckoff Avenues (L - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway))	1 min	6 min	0.3 mi
Dekalb Avenue (L Line) (L - New York MTA Subway (The Subway))	1 min	7 min	0.4 mi
Seneca Avenue (M - New York MTA Subway (The Subway))	1 min	7 min	0.4 mi
Knickerbocker Avenue (M Line) (M - New York MTA Subway (The Subway))	1 min	9 min	0.5 mi
Forest Avenue (M - New York MTA Subway (The Subway))	3 min	14 min	0.8 mi
Airport	Drive	Walk	Distance
Laguardia	15 min	-	7.0 mi
John F Kennedy International	18 min	-	10.9 mi
Newark Liberty International	33 min	-	17.4 mi