The Lennon Team at Douglas Elliman is proud to present, an eight unit multifamily walk-up apartment building located in the Bedford-Stuyvesant neighborhood of Brooklyn. The building stands four stories tall and encompasses approximately 6,700 gross square feet with 20' of frontage and 84' deep on an 85' lot. The building has a very favorable tax profile in that it benefits from a 25 year, 421a tax abatement program, a favorable tax class - 2B, and it's situated in a Qualified Opportunity Zone. Annual property taxes for 22/23 is only $956 for the year. The 421a tax abatement has an expiration date of 2036. The residential unit mix consists of eight apartments, with six (6) one bedroom units, one (1) studio, and one (1) two-bedroom unit. The units are spacious with an average size of approximately 800 sqf. The area is well served by public transportation with the A, C and G trains all located within ten blocks of the subject property. Local shopping and restaurants are nearby on Bedford Ave and Fulton St.
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