417 Menahan Street, Brooklyn, NY 11237

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List Price
$950,000
Price Change
▲ $50,001 1780539280
Days on Market
110
MLS#
980621
Status
PENDING
Property Type
Multi Family
Year Built
1931
Property Tax
$3,236

Property Description

Well-maintained six-unit multifamily building located in the heart of Bushwick, Brooklyn. The property consists of six (6) residential units with a desirable mix of rent-stabilized and free-market apartments. Three (3) units are currently rent-stabilized with long-term tenants at approximately $790/month, while three (3) units are free-market, generating rents of $2,600+. The building is in overall good condition and has been properly maintained. Three (3) units will be delivered vacant, offering immediate opportunity for income optimization and repositioning at market rents. This creates a strong value-add component for investors seeking both in-place cash flow and upside potential. Zoned R6. Additional interior reconfiguration or optimization potential may exist, subject to purchaser’s independent verification and required approvals. Conveniently located near public transportation, shopping, and neighborhood amenities. Property to be delivered AS-IS. Buyer to perform their own due diligence. All information deemed reliable but not guaranteed.

Additional Information

Acres
0.04
Parking
On Street
Stories
3
Basement
Full
Heating
Natural Gas
Cooling
Electric
Water
Public
Sewer
Public Sewer

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Listing courtesy of Listing Agent: Shahroz A. Syed (shahrozali04@yahoo.com) from Listing Office: Voro LLC.

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.