Renovated and vacant 6 family building in East Williamsburg
Located on 223 Devoe Street off Bushwick Avenue in East Williamsburg, close to the Graham Av & Grand St subway stations of the L line, and Cooper Park. It is an attractive area for renters, with easy bicycle access to all the amenities that Williamsburg & Greenpoint can offer. This legal 6 family building is completely vacant and fully renovated, ready for free-market tenants. The whole building was just redone, inside-out, top to bottom, includes plumbing, electric, roof windows, HVAC, bathrooms, kitchens, flooring, etc. Each of the 6 units contains a 2 bedroom apartment with separate central air system with AC, hot water tank, and gas & electric meters. Some of the units have 10' high ceiling, and all have built-in speaker system and video-intercom. 2 of the units have a private backyard, and the basement has coin operated washer & dryer. The projecting income of the building can reach $250,000 a year, yet the annual tax is only around $8,000.
Lot size: 25/100
Building size: 25/56
Legal 6 family building