1115 Madison St

Excellent Investment Opportunity: 7.5% CAP RATE // This fully renovated 3-story, 2-family 18.17 X 45ft townhouse features 3 units all with separate entrances and backyard access. High ceilings, new floors and large windows give each unit an open, loft-like feel. Located in booming Bushwick one of Brooklyns most sought after neighborhoods near several train stops: Myrtle Wyckoff L/M and Gates J/Z, plus more and more bars, restaurants and cafes opening. The top two floors each have full kitchens with projected rental income of $2,500, while the garden level features a kitchenette with a projected rental income of $1,800/month. Mitsubishi spilt heating and cooling systems plus laundry hook ups. Vacant and delivered as such. Very low annual taxes. Please email Brooke for the set-up at brooke.safford@corcoran.com