New This Week
$ 2,895,000
Building For Sale
Property Type
Active
Status
20
Rooms
4,125/383
ASF/ASM
$ 12,180
Real Estate Taxes
[Per Annum]
Building Details
Mixed Use
Ownership
Low-Rise
Building Type
Walk-up
Access
3441/35
Block/Lot
25'x55'
Building Size
25'x100'
Lot Size
R6
Zoning
1906
Year Built
3/5
Floors/Apts
Description
644 Wilson Avenue is a mixed-use investment opportunity with a 6.8% cap rage in the heart of Bushwick, just moments from the Wilson Avenue L train and surrounded by one of Brooklyn's strongest rental markets. The approximately 4,500-square-foot building features five FREE-MARKET residential apartments above a long-standing corner deli occupying the building's retail space - generating over $241,000 in annual income.
The residential portion consists of four two-bedroom apartments and one one-bedroom apartment, all finished with updated interiors. Retail and residential utilities are separately metered, and each space has its own split heating and cooling system.
With annual taxes of just $12,176 (Tax Class 2A), low operating costs, and consistent demand from renters in the neighborhood, 644 Wilson Avenue offers investors the opportunity to acquire a well-positioned asset with attractive long-term upside.
The residential portion consists of four two-bedroom apartments and one one-bedroom apartment, all finished with updated interiors. Retail and residential utilities are separately metered, and each space has its own split heating and cooling system.
With annual taxes of just $12,176 (Tax Class 2A), low operating costs, and consistent demand from renters in the neighborhood, 644 Wilson Avenue offers investors the opportunity to acquire a well-positioned asset with attractive long-term upside.
644 Wilson Avenue is a mixed-use investment opportunity with a 6.8% cap rage in the heart of Bushwick, just moments from the Wilson Avenue L train and surrounded by one of Brooklyn's strongest rental markets. The approximately 4,500-square-foot building features five FREE-MARKET residential apartments above a long-standing corner deli occupying the building's retail space - generating over $241,000 in annual income.
The residential portion consists of four two-bedroom apartments and one one-bedroom apartment, all finished with updated interiors. Retail and residential utilities are separately metered, and each space has its own split heating and cooling system.
With annual taxes of just $12,176 (Tax Class 2A), low operating costs, and consistent demand from renters in the neighborhood, 644 Wilson Avenue offers investors the opportunity to acquire a well-positioned asset with attractive long-term upside.
The residential portion consists of four two-bedroom apartments and one one-bedroom apartment, all finished with updated interiors. Retail and residential utilities are separately metered, and each space has its own split heating and cooling system.
With annual taxes of just $12,176 (Tax Class 2A), low operating costs, and consistent demand from renters in the neighborhood, 644 Wilson Avenue offers investors the opportunity to acquire a well-positioned asset with attractive long-term upside.
Listing Courtesy of The Corcoran Group
Features
A/C
Contact
Charles Mazalatis
License
Licensed As: Charles Mazalatis
President & Licensed Real Estate Broker
Mortgage Calculator
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
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Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
Listing ID: 107566TH
