~7% Current Cap Rate! Amazing opportunity to own a ~13000 SF brick building inWilliamsburg nearby the Lorimer L train and Marcy Avenue JMZ statiions. Building is composed of two to three bedrooms, where 15 of the 16 apartments have beennicely renovated in the last 3 years. Possible upside for higher income in thebuilding. Ask for pictures & floorplans. Income is ~326k with a potential to earn more in the future and expenses are currently about $80k.
The Modica Team stands apart in the real estate industry as one of the strongest brands in the New York market, known for their highly innovative and effective selling strategies for premier and luxury listings. Get in touch with Modica Team!Contact Us