Prime 6-Family Investment in Bushwick at 604 Irving Avenue
FOR SALE
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$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
30 years
10 years
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.