90 George St,  Brooklyn NY, 11206

(Active)
$2,499,000
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MLS# OLRS-0072423
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Last Updated: 5/21/2018 8:17 AM
Description for 90 George St Brooklyn, NY 11206
90 George street presents the rare opportunity to renovate, expand, and maximize your return on investment in one of Brooklyn's most sought after neighborhoods. This 25x64 brick, rent stabilized, three-story walk-up building has six residential units and is located in trendy Bushwick. Each unit offers a 2 bedroom layout. Five units will be delivered vacant with the sixth unit as a possibility. With enormous upside and a potential solid cap rate, once updated, this is a rarity within this section of Bushwick. The roof was recently done about 3 years ago along with upgrading of the electrical meters. With R6 Zoning and additional FAR, this property is perfect for an investor who is looking for a buy and hold, or prime for a condo conversion. This brick building is conveniently located minutes from the M and L train lines and amongst a slew of notable restaurants, emerging venues, and new development. Neighborhood staples like Roberta's pizza, Bunna cafe, Bunker Vietnamese, Falansai, Mominette Bistro and Sincerely Burger, to name a few, provide multi-cultural cuisine to this artistic and dynamic neighborhood.
Price
$2,499,000
Bushwick
Kings
OLRS-0072423
Active
Description
90 George street presents the rare opportunity to renovate, expand, and maximize your return on investment in one of Brooklyn's most sought after neighborhoods. This 25x64 brick, rent stabilized, three-story walk-up building has six residential units and is located in trendy Bushwick. Each unit offers a 2 bedroom layout. Five units will be delivered vacant with the sixth unit as a possibility. With enormous upside and a potential solid cap rate, once updated, this is a rarity within this section of Bushwick. The roof was recently done about 3 years ago along with upgrading of the electrical meters. With R6 Zoning and additional FAR, this property is perfect for an investor who is looking for a buy and hold, or prime for a condo conversion. This brick building is conveniently located minutes from the M and L train lines and amongst a slew of notable restaurants, emerging venues, and new development. Neighborhood staples like Roberta's pizza, Bunna cafe, Bunker Vietnamese, Falansai, Mominette Bistro and Sincerely Burger, to name a few, provide multi-cultural cuisine to this artistic and dynamic neighborhood.
Listing Information
Property Type: Multi-Family, Other
24 1931
Bushwick
Neighborhood
Room Information
Interior Features
3
Exterior / Lot Features
25.00 X 100.00
Listing Price History

Brooklyn Real Estate

Brooklyn is located in New York. Brooklyn, New York 11206 has a population of 8,550,405.

The median household income in Brooklyn, New York 11206 is $52,737. The median household income for the surrounding county is $46,958 compared to the national median of $53,482. The median age of people living in Brooklyn 11206 is 35.7 years.

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