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Rare Investment Opportunity! Newly Renovated 4 Family in Bed-Stuy

Bedford Stuyvesant   11221

Price: $1,695,000

Property ID: S99330456860

Type: Multifamily

Neighborhood: Bedford Stuyvesant

Address: 829 Greene Avenue

Bedrooms: 8

Bathrooms: 4

Tax: $221.58 (Monthly)

JMZ

Rare Investment Opportunity! Newly Renovated 4 Family in Bed-Stuy

829 Greene Ave presents a rare opportunity for savvy investors or buyers looking to have generous rental income. A FOUR UNIT four Story Brownstone townhome that is mostly finished renovations. The home was gutted down to the beams and went through extensive renovations, which are mostly finished and just awaiting final finishes including your personal finishing touches like bathrooms & kitchens. Entirely new plumbing, electric, sprinklers, heating, floors, windows, roof, etc. with SEPARATELY metered utilities for each unit, ensuring maximum income generation.
With various options to either keep as a 4 unit rental property or combine 2 of the units to make a large owners duplex with 2 additional rental units... The options are plenty.
Located in the heart of Bedford Stuyvesant on a gorgeous tree lined block with friendly neighbors, transportation nearby, as well as restaurants, cafes, bars,
and organic supermarkets, just a block or two away. This won't last long submit your offers now!
Projected rent roll:
#1 Two bed One bath Duplex $3500
#2 Two bed One bath $2500
#3 Two bed One bath $2500
#4 Two bed One bath $2500
Gross Effective Rent: $132,000

Approx. Expenses:
Taxes: $2,659
Water: $2,000
Insurance: $2,500
Electric (cmmn areas): $800

NOI: $124,041.00

Building's Amenities

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Building's Amenities

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All information furnished regarding property for sale or rental 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 or lease or withdrawal without notice. All dimensions presented on any and all floor plans are approximate, and floor plans are compiled for spatial illustration only. For exact dimensions, please retain the services of your own registered architect or professional engineer.
$ 1,695,000.00
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JENNIFER RHODES
JENNIFER RHODES
Licensed Associate Real Estate Broker
Residential Division
Office: 347.227.8998
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