37 Wilson Avenue
Multifamily | 8 Units | $562,500/unit
Marketing description
Bijou Equities is exclusively selling 37 WILSON AVENUE — a 2020-built, New-Construction 8-unit
multifamily asset located in prime North Bushwick between George and Melrose Streets.
The property is a four-story, 7,678 square foot building benefiting from a 35-year 421-A tax
abatement, providing long-term tax protection in exchange for 30% of the units designated as
affordable. Taxes are currently $925/year
The building is fully occupied and currently generating approximately $345,000 in gross
income and $305,000 in net operating income, delivering immediate cash flow from day one.
Positioned on Wilson Avenue just off Flushing Avenue in Bushwick, the property is steps from the Morgan
Avenue L and Jefferson Street L trains, near Maria Hernandez Park, and surrounded by
Bushwick’s vibrant restaurant, nightlife, and retail corridor.
Please contact Fred Bijou for more information- Fred@bijouequities.com
Investment highlights
Investment Highlights
8-Unit New Construction Multifamily | Built in 2020
7,678 Square Feet | 4-Stories
35-Year 421-A Tax Abatement (70/30 Split)
Taxes Only $925/Year
Fully Occupied and Stabilized
$345,000 Gross Income
$305,000 Net Operating Income
Easily Financeable Deal Structure
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