Description

829 Greene Avenue, Brooklyn, NY 11221

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 $3250 #2 Two bed One bath $2750 #3 Two bed One bath $2500 #4 Two bed One bath $2750 Gross Effective Rent: $135,000 Approx. Expenses: Taxes: $2,659 Water: $1,500 Insurance: $2,500 Electric (cmmn areas): $500 NOI: $127,841.00