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Prime 6-Family Investment in Bushwick at 604 Irving Avenue

Prime 6-Family Investment in Bushwick at 604 Irving Avenue
FOR SALE
View more

$2,200,000

604 Irving Avenue, Brooklyn, NY 11237

4,260 SF

Square Feet

$516

PPSF

6

Units

300.0K

PPU

4.34%

CAP

Property Description

Units

6 — PPU: 300.0K

NOI

$95,400

Cap Rate

4.34%

Prime 6-Family Investment Opportunity in Bushwick/Ridgewood

Discover this well-maintained, non-rent-stabilized six-family building in the thriving Bushwick/Ridgewood area. This property is fully updated, featuring a brand-new sprinkler system, ensuring compliance and safety.

Key Highlights:

✅ Non-Rent-Stabilized Units – Maximize rental income potential

✅ Brand-New Sprinkler System – Recently installed for added safety

✅ One Car Garage

✅ Excellent Location – Steps from L & J trains for an easy commute

✅ Surrounded by Amenities – Close to top eateries, cafes, and shopping

✅ Easy Highway Access – Near Jackie Robinson Pkwy, Grand Central Pkwy, & Van Wyck Expressway


📩 Contact us today for financials and additional details!


Property Details

Asset Type

MultiFamily

Year Built

1926

Zoning

R6

Lot Size

2,000 SF

Neighborhood

Bushwick

Submarket

Brooklyn

ZIP

11237

Renovated

2017

Listing Type

sale

Net Operating Income (NOI)

$151,352

Debt Service Coverage Ratio (DSCR)

1.21x

Cap Rate

6.88%

Cash Flow (Annual)

$26,203

Cash-on-Cash Return

4.76%

Monthly Debt Service

$10,429

Annual Debt Service

$125,149

View on Map

Address

604 Irving Avenue

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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale

No investors found in this market.

Contact the Listing Team

NM

Nadine Morency-Mohs

Real Estate Broker

8 closed

Call

Send a Message

NM

Nadine Morency-Mohs

Real Estate Broker

8 closed

Call