Projected Cap Rate is 6% This building is a true money maker with a projected cap rate of 6%. The area will be the Next Williamsburg. There are many development site occurring simultaneously. It months away from opening the new Myrtle Avenue. The new rezoning change was change in connection with the Mayor plan to add more residential units in New York . This change will allow developers to construct new and higher residential space. Excellent opportunity for developers to get involved in the tremendous renaissance that is taking place in the area of East side of Brooklyn. NEGOTIABLE !!!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
