Building & Unit Features
Eat In Kitchen
Investment Property- Renovated 7,000 sf 8 unit building next to Rheingold Development in Bushwick If you're looking for a great investment opportunity, Evergreen Terrace in Bushwick is the right fit for you! The property consist of 8 renovated one-bedroom lofts that are open and can be converted into 2-bedroom units. Each apartment features new appliances, granite counter-tops and custom cabinetry. High ceilings, exposed brick and oak floors lend to the buildings character. Each unit in the building has a private storage closet and there's laundry in the basement. 7 of 8 units are leased, the gross income once fully leased is $242,000. After annual expenses of $35,648, the NOI is $$206,476.
Great location in Bushwick with easy access to restaurants and just 2 blocks from the J/M train Flushing Avenue subway station. The L train is just a few more blocks away along with many more restaurants and shops. There is huge upside in being situated right next to the Rheingold Brewery Village. The area is rapidly gentrifying... this is a great long-term investment.