96 Starr Street
6 Unit Walk-Up Building in Prime Bushwick
Overview
Key Highlights
- Price $2,000,000
- Location Thriving Pocket of Bushwick
- Protected Tax Class Limits Property Tax Increases YoY
- Close Proximity to Transportation Under 35 minutes for transport to Grand Central 42nd Street
Overview
Investment Highlights
• 3-story walk-up building with 6 apartments; 4 free-market units and 2 rent stabilized units
• All units are 2BR/1B - both first floor units are duplexed to the cellar and include private outdoor space
• Protected Tax Class 2A - limits property tax increases year over year
• All units are individually metered and tenants are responsible for their expenses; the building also has storage and laundry in the basement generating around $500/month of additional income
• Opportunity to invest in a building with low turnover and high demand keeping vacancy rates low while rents grow year over year
• The building was renovated in 2012 and has been immaculately maintained with top of line finishes allowing for minimal capital expenditures for investors
• Located in a thriving pocket of Bushwick just a half block from Maria Hernandez Park, a neighborhood seeing immense growth and development, offering many restaurants, bodegas, shops & experiences throughout
• Walking distance to the DeKalb Avenue Subway Station (L) and the Knickerbocker Avenue Subway Station (M)
• Both the L & M lines provide quick access to all five boroughs - under 35 minutes for transport to Grand Central 42nd Street
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