Bushwick Walk-Up

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Property Name: Bushwick Walk-Up

Location: 47 Stanhope St, Brooklyn, NY
Units: 6
Property Type: Multifamily

A 6 unit walk-up multifamily building in the heart of Bushwick. Tenants enjoy easy access to the J & M trains, which provide access to lower Manhattan in under 30 minutes. The units are a mix of two & three BR layouts, five of which have been newly renovated and are FM. At the time of purchase, blended average rents were 16.50% below the existing market rents for this submarket.