1075 WILLOUGHBY AVENUE
Multifamily | 3 Units | $733,333/unit
Marketing description
A three story three-unit building. The property has a three-bedroom two bathroom apartment on the first floor. This unit has access to the back yard. The second floor is a four-bedroom, two bathroom floor-through apartment. The third floor is also a four-bedroom, two bathroom floor-through apartment.
The units have a full kitchen and full bathroom and are individually metered for gas and electric. The apartments have their own gas boiler and water heaters. The meters are in the basement and the boiler and water heater is gas.
Investment highlights
The property is a prime investment opportunity, since the units are free market an investor can add value by updating the units every year. The first floor can be duplexed with the basement, to create a duplex five bedroom garden apartment. The air rights allow another unit to be built above the third floor.
The building is also a great user opportunity, a user can occupy the first floor and basement, the upper floors can be used for income.
Located in Prime Bushwick, which borders Williamsburg and Bedford Stuyvesant. The property is three blocks from the M train on Central and Myrtle Avenues this allows fifteen minutes access to the city.
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