250 Stanhope Street is a unique six family three story building nestled in the heart of Bushwick on a lovely residential block that is steps from all of the action! Well maintained six 1BR 1Bath apts. Fully occupied with creative professional tenants who designed each space in their own unique way. This rent stabilized multifamily building is sitting on a lot size 25x100, building size 25x62, total of 4650 sf. Zoning is R6 with an unused FAR of 1425sf, which can potentially allow you to build up a whole floor. Great investment property at 6% cap return with rent income of approx. $115,000/yr. Please request setup for detailed numbers. Phenomenal neighborhood, centrally located, a few blocks away from the J,M&L trains and Maria Hernandez park. Walking distance to neighborhood Shops, Bars and Cafes.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
