223 Central AveBrooklyn, NY 11221

This exceptional 8-unit apartment building at 223 Central Avenue, Brooklyn, NY 11221, presents a compelling investment opportunity. Built in 2016 and renovated 8 years ago, this four-story Class C property boasts 5,485 square feet on a 2,500 square foot lot, zoned R6. Currently operating at 100% occupancy, the building generates a substantial net operating income (NOI) of $272,080, yielding a 6.48% cap rate. The asking price is $4,200,000, translating to $525,000 per unit and $765.72 per square foot. Each of the eight spacious units features 2-3 bedrooms, designed with modern aesthetics to attract high-quality tenants. The property's prime location in Bushwick, near Central Avenue and Knickerbocker train lines, ensures high tenant demand and strong rental income potential. Its proximity to local amenities further enhances its appeal. This turnkey investment is ideal for those seeking stable, long-term returns in a thriving rental market. The building's strong historical occupancy rates and rental growth trends support robust investment performance.