851 Hart St

A Spectacular Multifamily Prime investor opportunity. This totally gut-renovated approximately 5,250 square foot multi-family property with White Limestone façade located in the heart of Bushwick has room for value add improvement with the potential for condo conversion.
All six units are designed with a modern feel and benefit aesthetically from the industrial character of wall-to-wall exposed brick. The open layout kitchen is complete with ceramic tiled floors, stainless steel appliances and oak wood cabinetry providing sufficient storage and surface area and is a great turnkey solution that will attract tenants immediately. With hardwood floors throughout, plenty of windows and great light the units are bright and airy.
All bedrooms are large enough to fit a queen-sized bed, making this a palatable offering to the local market. Spacious Foyers could be re-partitioned for maximum efficiency and a more spacious feel. Each apartment contains its own heat and hot water systems, making development into condo units a seamless conversion. Upon closing, a one bedroom and two two-bedroom apartments will be delivered vacant and the remaining three two-bedroom units will be delivered occupied with leases expiring in 2018.
This Six-Family property located near public transportation, nightlife and Bushwick’s world renowned art community, make for a wholly marketable project for rent or for sale in one of Brooklyn’s fastest growing neighborhoods. This is a must see for all investors or building looking to live in one of the units and rent out the rest. Set Up with Income and Expenses available upon request.