223 Central Ave, Brooklyn, NY 11221
8 Unit Apartment Building | $4,200,000 ($525,000/Unit) | 7.13% Cap Rate | Brooklyn, NY 11221
For Sale
Active
Asking Price $4,200,000
- Property Type
-
Multifamily
- Square Feet
- 5,485 SF
Listing Contacts
Jadine Pecora
Lauren Collazo
- Property Info
Property Overview
*Prime Multifamily Investment Opportunity*
Welcome to 223 Central Avenue, an exceptional multifamily investment property located in the heart of Bushwick. This meticulously maintained 8-unit building offers a lucrative opportunity for seasoned investors and newcomers alike.
*Key Features:*
- *Location:* Situated in a highly sought-after neighborhood known for its street art, nightlife, and transportation convenience, ensuring high tenant demand and steady rental income.
- *Units:* Consisting of 8 spacious apartments, ranging from 2-3 bedrooms, each thoughtfully designed with a modern touch offering an aesthetic appeal.
- *Income Potential:* Current rental rates provide robust cash flow with significant upside potential through strategic rent increases or value-add opportunities.
- *Investment Strategy:* Ideal for investors seeking stable, long-term returns in a thriving rental market, with historical occupancy rates and rental growth trends supporting strong investment performance.
- *Management:* Professionally managed with a track record of maintaining high tenant satisfaction and property upkeep, minimizing investor involvement and maximizing passive income.
*Financial Highlights:*
- Cap Rate: 7.1%
- CoC Return: 25.9%
*Additional Benefits:*
- close proximity to Central Ave + Knickerbocker train lines
- centrally located in Bushwick - close to neighborhood favorite restaurants, cafes and nightlife
- extreme demand on rental units, considering its optimal location with steady market increases.
*Opportunity Awaits:*
Whether you’re expanding your portfolio or entering the multifamily market for the first time, 223 Central Avenue presents a rare opportunity to acquire a turnkey investment in an increasingly competitive real estate landscape. Don’t miss out on the chance to capitalize on the steady income and appreciation potential this property offers.
Contact us today to schedule a private tour and explore how 223 Central Ave can become a cornerstone of your investment strategy.
Welcome to 223 Central Avenue, an exceptional multifamily investment property located in the heart of Bushwick. This meticulously maintained 8-unit building offers a lucrative opportunity for seasoned investors and newcomers alike.
*Key Features:*
- *Location:* Situated in a highly sought-after neighborhood known for its street art, nightlife, and transportation convenience, ensuring high tenant demand and steady rental income.
- *Units:* Consisting of 8 spacious apartments, ranging from 2-3 bedrooms, each thoughtfully designed with a modern touch offering an aesthetic appeal.
- *Income Potential:* Current rental rates provide robust cash flow with significant upside potential through strategic rent increases or value-add opportunities.
- *Investment Strategy:* Ideal for investors seeking stable, long-term returns in a thriving rental market, with historical occupancy rates and rental growth trends supporting strong investment performance.
- *Management:* Professionally managed with a track record of maintaining high tenant satisfaction and property upkeep, minimizing investor involvement and maximizing passive income.
*Financial Highlights:*
- Cap Rate: 7.1%
- CoC Return: 25.9%
*Additional Benefits:*
- close proximity to Central Ave + Knickerbocker train lines
- centrally located in Bushwick - close to neighborhood favorite restaurants, cafes and nightlife
- extreme demand on rental units, considering its optimal location with steady market increases.
*Opportunity Awaits:*
Whether you’re expanding your portfolio or entering the multifamily market for the first time, 223 Central Avenue presents a rare opportunity to acquire a turnkey investment in an increasingly competitive real estate landscape. Don’t miss out on the chance to capitalize on the steady income and appreciation potential this property offers.
Contact us today to schedule a private tour and explore how 223 Central Ave can become a cornerstone of your investment strategy.
Property Details
- Class
- C
- Year Built
- 2016
- Stories
- 4
- Lot Size (sq. ft)
- 2,178 SF
- Units
- 8
Highlights
- Heavy Rental Demand, 100% Occupancy
- Quality Tenants
- Stable, long term returns
- Near the M train line
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