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Type:
Multifamily
Units:
Property Description
Investment Property Realty Group (IPRG) has been exclusively retained to sell 143 Wilson Avenue. The property is a solid 10-unit multifamily building located in the heart of Bushwick, Brooklyn. The property offers stable residential income in one of Brooklyn’s most active and well-located neighborhoods, with convenient access to both the L and M trains and strong ongoing demand from renters. The building totals approximately 4,500 SF and is currently generating $196,000 in gross income. Average in-place rents of $1,641 per unit leave room for continued growth as the neighborhood continues to strengthen. This is a straightforward multifamily asset with attractive current yield and the benefit of being located in a high-demand rental submarket with excellent transit access and limited new supply of similar-scale buildings.
This is a clean, income-producing multifamily play in a neighborhood that continues to attract both renters and investors. Ideal for an investor seeking current cash flow.
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Block & Lot:
03209-0002
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Neighborhood:
Bushwick
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Cross Streets:
Suydam Street & Willoughby Avenue
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Building Dimensions:
25 ft x 60 ft
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Lot Dimensions:
25 ft x 100 ft
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Units:
10
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Zoning:
R6
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FAR:
2.2
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Tax Class:
2A
