2007 Bedford Avenue, #MULTIFAMI

Prospect Lefferts Gardens, Brooklyn, NY 11226

Corner, 8- unit property for sale in rapidly gentrifying area. The building is cash-flowing. It produces close to $150,000 in Gross Income. The property was gut-renovated several years ago when the owner bought it with 7/8 vacancies. Due to the high rents, only 3 tenants have been there for more than 6 years.Corner, 8- unit property for sale in rapidly gentrifying area. The building is cash-flowing. It produces close to $150,000 in Gross Income. The property was gut-renovated several years ago when the owner bought it with 7/8 vacancies. Due to the high rents, only 3 tenants have been there for more than 6 years. At 7,000 Square Feet, it is a large 8 family that contains the potential to turn existing 2 bedrooms into 3 bedrooms, or to chop and divide one unit into two as a means of achieving market rent. In today?s market 2007 Bedford Avenue provides a reliable asset that lenders will lend to, while also opening the door for the purchaser to see upside via the reconfiguration of apartments due to natural turn-over. Positioned across a row of townhouses, 2 blocks from Prospect Park, Several Train lines, and 2 major Brooklyn Hospitals, 2007 Bedford Avenue is poised to benefit from the increased demand for housing in this area.Corner Property with 12 windows per floor ? sunlight everywhereCash-flowing asset ?Turn Key Rent Stabilized Building?Motivated Seller & Long Term OwnershipAttractive mortgage in placeLot Size 0.05 ACBuilding Class CYear Built 1931Cap Rate 6.00 %Zoning R6 BrooklynREAD FULL DESCRIPTION