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Multifamily Building in Cypress Hills, Brooklyn

$ 1,400,000

127 Miller Avenue,

Property Id : 20048
Price: $ 1,400,000
Building Type: Multifamily Building
Block/Lot: 3932 / 5
Lot Dimensions: 25' x 100'
Lot Sq Ft: 2,500
Zoning: R6A
Stories: 3
Residential Units: 6

About this property

ONE Commercial Realty Services has been retained on an exclusive basis for the sale of 127 Miller Avenue in Brooklyn. The subject property is located on the east side of Miller Avenue between Fulton Street and Arlington Avenue. The building comprises 4,350 SF with six (6) residential units that consist of four (4) rent stabilized units and two (2) units that will be delivered vacant. An investor can realize the potential for additional cash flow by converting the vacant units into 3 bedrooms with two bathrooms. The property is located adjacent to the Fulton Street commercial corridor, as well as a number of restaurants, delis, and other retailers. Ownership has proposed plans to convert both vacant apartments, 1L and 3L, into three (3) bedrooms. The building is located in Cypress Hills which is improving dramatically due, in large part, to its close proximity to Broadway Junction. The J and Z subway lines are a half block away at Fulton Street and Van Siclen Avenue, and there are a number of bus routes that canvass the strip of Atlantic Avenue.

View: 127 Miller Avenue Setup

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