433 Jefferson Ave

Marcus & Millichap is pleased to offer 433 Jefferson Avenue (Block:1831, Lot:0076). The subject property is a six unit building built 25 feet by 80 feet and sits on a 25 foot by 100 foot lot for a total of 6,250 gross square feet including below-grade renovated duplex space. The property has been gut renovated within the past twelve months and is currently occupied with tenants paying market rate rents. 433 Jefferson Avenue contains four three-bedroom apartments and two four-bedroom two bath apartments. The units have been reconfigured into efficient layouts that allow a new owner the ability to continuously maximize cash-flow. The property is a short walk to Kingston-Throop Avenue "C" train and located directly on the B52 bus line. It is also in close proximity to Fulton Street dining, night life, and shopping. 433 Jefferson Avenue offers investors the opportunity to acquire a turnkey, free-market multi-family asset in the rapidly appreciating Bedford-Stuyvesant neighborhood. Offered with a strong in-place capitalization rate, new ownership will benefit from a strong cash-flow with very little maintenance in a protected tax class (2A)