Multi Family buy in New York New York

Prime investment opportunity in Williamsburg! 82 Bushwick Avenue is situated in a prime location with Citi Bike and the Grand L stop right outside the front door. Property needs gut renovation to reach its maximal potential. Currently tenant occupied, will be delivered vacant and closing can be as soon as July 26 or later. Lot Size: 21.75 ft x 60.75 ft R7A Zoning Buildable Square Footage: 5,284 sqft Would be an amazing single family townhome in prime Williamsburg, a two family with a triplex and rooftop lounge atop of a garden 1 or 2 bedroom, but most profitable would be developing into a 4 family rental building by adding a floor and creating two 2 bedroom and two 1 bedroom units. Purchase price + estimated construction costs & prospective rents equates to a 6% or 7% cap rate, which is many real estate investor's dream! Located in prime Williamsburg, this location is unmatched. Experience the incredible artistic vibe and ever-transient environment of one of the most talked about neighborhoods on Earth! So many unique and amazing bars, restaurants, nightlife, and boutique shops steps away from this house, as well as some of the most ground-breaking new fitness facilities in the entire NYC Metro; this address is like no other. *Needs proper renovation and has significant air rights to maximize profitability. Advertised square footage is estimated and includes basement. Property data and prospective pro-forma available upon request. **Selling in as-is condition.