5-Building Free-Market Portfolio
5 Townhomes with Air Rights - Cash Flow plus Development Upside
Investment highlights
Free Market Portfolio: All 15 units are 100% free market with no history of rent stabilization, offering maximum rental flexibility.
Significant Air Rights: 5,600 SF of available air rights across the portfolio provides potential for future expansion.
Protected Tax Class 1: Predictable tax exposure due to Class 1 designation, reducing risk of unexpected tax increases.
Turn-Key Cash Flow: Fully leased portfolio with strong collections, providing immediate and stable income.
Desirable Layouts: All floor-through units with attractive layouts, enhancing tenant appeal and retention.
Transit-Oriented Locations: All five properties are within five avenues and near L, J, Z, M, A, and C subway lines.
Cohesive Portfolio: All five properties are located within close proximity in Bushwick, Brooklyn, streamlining management.
Upside in Rent Roll: Average rent is $50/SF, with potential for increases and further value-add.
Owner-User Potential: Properties are available separately or as a package, offering flexibility for investors or owner-users.
Predictable Expenses: Portfolio benefits from protected tax class and stable operating expenses.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
