Introducing 264 Jefferson St, upgraded 7 unit building in heart of Bushwick in its Busiest Retail & Residential Corridors. Extraordinary opportunity for new ownership to add a stable asset to their portfolio, re-position the existing building to maximize income by utilizing the extra FAR or develop a full mixed-use project possibilities in the future. Existing Building & Property Features: Current Zoning is R6, C1-3, set on a 25' X 100' lot, the existing 3-story masonry building approx. 5,434SF total building size was recently upgraded in 2021 with a new CO including splitting existing unit into two brand new studios for additional income fully approved, gut renovated kitchen & bathrooms, new intercom system, new electrical, masonry work, and more. It currently consists of seven income-producing units: The full basement is currently underutilized and can converted into common space for the tenants in the form of laundry, storage, bike storage and even fitness amenities. A bustling location right on Jefferson St with ever expanding restaurants, bars, coffee shops, galleries, grocery stores, shopping, supermarkets. Walk to the L subway line on Jefferson St & Morgan Ave or take the M subway line on Central Ave, take a stroll at multiple parks including Maria Hernandez Park nearby. Easy access to the Brooklyn-Queens expressway.
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