Description
Nestled in the vibrant heart of Bushwick, Brooklyn, 64 De Sales Place is a sterling investment opportunity that combines modern living with lucrative earning potential. This elegant 2-family townhouse, built in 1905, has been beautifully updated to offer stylish, sun-drenched living spaces and a private backyard oasis, a rare luxury in the city. Each of the two units features its own entrance, enhancing privacy and flexibility.
Spanning two units and basement storage with an average rent of $3,150 per unit, this property showcases a solid financial profile with a potential gross income of over $7,300 monthly, factoring in a 10% vacancy rate. The rents are attractive, with Unit 1 at $3,300, Unit 2 has a current tenant in place until September at $2,999, and additional income from basement storage at $1,000 monthly.
Offered at a purchase price of $1,595,000 with an entry cap rate of 4.65%, 64 De Sales Place stands as a compelling investment in a Qualified Opportunity Zone, promising both a comfortable living environment and excellent financial growth potential. With strong rental demand in Bushwick, this property not only serves as a beautiful home but also a smart investment in one of Brooklyn's most dynamic neighborhoods.
Listing courtesy of Serhant ...More >
Property Details
- Multi Family
Amenities
- Building: Green Building
- Cooling: Other
- Patio: None
- Attendance: None
- View: Other
- Building Laundry: In Unit
- Laundry: In Unit
- Building Pets: Building Yes
- Pets: Building Yes, No
- Basement: Other
For information on 64 DE SALES Place, # contact:
Founder, Principal Broker
212-388-1115
Founder, Principal Broker
listings@lohorealty.com
212-388-1115
