**Unique Investment Opportunity to Earn ~5.5% Cap Rate with Purchase of Brand New Four-Story/Six-Unit Building in Increasingly Popular Bushwick Neighborhood**
This new development contains six free-market apartments that can be delivered vacant for condo conversions or with a rent roll in place that will earn an approximate 5.4% cap rate.
The building presents a modern aesthetic with a brick and oxidized metal facade.
First floor: floor-through 3BD/2BA
Second floor: floor-through 4BD/2BA
Third floor: two 2BD/1BA units
Fourth floor: 2BD/1BA and 1BD/1BA
Each unit comes with private outdoor space, with the back patio being accessed by the residents of the first floor and the built-up rooftop providing private access to the second floor residents. Also within each apartment are a washer/dryer, stainless steel appliances including microwave and dishwasher, central air, and an independent boiler.
312 Menahan Street is located just five minutes from transportation and is situated among the many restaurants, nightlife, and outdoor activities that Bushwick has to offer. The area is up and coming which allows for significant asset appreciation.
This information is not verified for authenticity or accuracy and is not guaranteed and may not
reflect all real estate activity in the market.
REBNY Listing Service, Inc. All rights reserved.