Four Residential Units - Live plus Income
Free Market 4-Family Townhome | Owner-User
Investment highlights
Fully Free Market: The property has no history of rent regulation.
Cashflow + Upside: Currently grossing $160K per year, with upside ready to be unlocked as apartments renew or are re-leased at market rate
High End Finishes: The entire property is fully renovated with high end finishes, separate utilities, individual heating and cooling (split units), quality recessed lighting, etc.
Owner-User Opportunity: The building, neighborhood, and architecture all lend well to a hybrid owner/user/investor living in one or more of the units and renting out the rest
Proximity to Subway: Located within 4 blocks of the 2, 3, and 5 trains, with access to Downtown Brooklyn and Union Square within 20-30 minutes
Protected Tax Class: 2A tax class limits tax increases to no more than 8% a year or 30% over 5 years
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