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31616598

417 Menahan Street, New York, NY 11237

KW Landmark II
Listed by KW Landmark II
$950,000
59 days on market
Updated 4 days ago

417 Menahan Street

Details
APN 03312-0040
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 6
Year Built 1931
Acreage 0.045
Zoning R6

Multifamily | 6 Units

Marketing 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.
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KW Landmark II
Listed by KW Landmark II

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*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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