634 Wilson AveBrooklyn, NY 11207

Property Details for 634 Wilson Ave

Year built

1906

Lot size

0.06 AC

Property size (Sq ft)

4,875 SF

Zone code

R6

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

03441-0031

APU

34410031

Description

This exceptional investment opportunity presents a six-unit multifamily building located at 634 Wilson Avenue in the vibrant Bushwick neighborhood of Brooklyn, New York. The property, situated on a 2,500 square foot lot, is a three-story building constructed in 1906, offering a total of 4,875 square feet of living space. The building is zoned R6, allowing for a variety of potential uses and future development options. Each of the six spacious residential units features desirable amenities including hardwood floors, in-unit washer/dryers, modern dishwashers, and central air conditioning, ensuring high occupancy rates and strong rental income. The property's convenient location is a significant advantage, with the Wilson Avenue L-train subway station just steps away, providing easy access to Manhattan and other parts of Brooklyn. This is a bankruptcy sale, part of a larger five-building portfolio, and will be auctioned individually on November 14th, 2024, at 2:30 PM. This presents a rare chance to acquire a well-maintained multifamily property in a rapidly appreciating area of Brooklyn at a potentially advantageous price. The building's strong rental income potential, coupled with its prime location and desirable features, makes this an attractive investment for both seasoned and new investors seeking a foothold in the Brooklyn real estate market. Don't miss this opportunity to secure a valuable asset in a thriving neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $999,419

  6.5%

  $922,541

  7%

  $856,645

• Comparable approach

  Method

  Valuation

  Relative Method

  $987,300

  Geo Method

  $987,300

• Alternative Use

  Use

  Valuation

  Residential

  $922,541

  Hospitality

  $845,042

  Educational

  $703,065

  Medical

  $727,245

  Retail

  $1,093,657

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.689

Longitude

-73.9056

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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