Tremendous investment opportunity in prime Bedford-Stuyvesant! 224 Monroe is a HUGE 4 story legal 4 family brownstone. Built 20x60 and 4 stories tall totaling 4800 Square feet, this property is truly a income producing gem. All four units are currently set up as full floor 3 bedroom apartments and the first floor apartment is duplexed with the basement. Building is fully vacant and is ready for an investor to come and renovate. The building's rare 20x60 build out gives endless opportunities. You can keep it as a 4 family, easily convert into 6 units, and even make a great profit if you do condos. Minimum possible cap rate is 7.3%!! The property is located within a few short blocks to the A, C, and G subway lines, offering quick and easy access to Manhattan. It is also within walking distance to some of the best bars and restaurants Bed-Stuy has to offer. The subject offering provides a new owner with the opportunity to acquire a very high income producing building in a very desirable neighborhood.
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