1007 Decatur is a six-family, 25 ft x 65 ft walk-up apartment building, just one block off of Broadway. The building is fully occupied, offering stable cash flow from day one of ownership. All units are large, rent-stabilized two bedroom units with three tenants on preferential leases. Tenants pay gas and electric offering low carrying cost to the owner. There is huge upside in this property by way of future vacancies and renovation, and raising rents to the legal limit. Bushwick is one of the most popular neighborhoods in Brooklyn and has seen tremendous appreciation in property value over the past few years. Close proximity to the J and L trains offers tenants an easy commute to Manhattan in 25 minutes. Gross Income: $97,641 (Legal Gross Income: $110,802) Contact brokers for full setup. Tours are available upon request
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.
