PHOTOS COMING SOON! Incredible opportunity to own a newly constructed, legal four-family townhouse with a 15-year J51 tax abatement. 1117 Jefferson Avenue is built 20ft x 51ft with 5,564 sq. ft. over four (4) stories plus the cellar. All units feature hardwood flooring, stainless steel appliances, shaker cabinetry in the kitchens, Caesarstone countertops and a subway tile backsplash. In addition to private outdoor space for units 1, 2 and 4 there is a spacious common roof deck for the building.
Unit 1 is a three bedroom (3BR)/ 1.5Bath with an expansive recreation room and access to half of the backyard. Unit 2 is a simplex comprised of three bedrooms (3BR)/1.5 Baths with access to the second half of the back yard. Unit 3 is a simplex three bedroom (3BR)/1Bath. Unit 4 is a five bedroom (5BR)/ two bath (2Bath) with a large skylight, flooding the units with sunshine, and a private roof deck. The projected rent role is approx. $190,200, which results in a cap rate that is over 6%
Transportation is a breeze with nearby J, M, Z and L trains making the commute to downtown Manhattan approximately 25 minutes. The local neighborhood offers a plethora of restaurants, nightlife and cultures venues. Local attractions include The Platform Bar, Anda Lucia Bar, The Wilky Bar, Toad Style Restaurant, Macdonough Café, Covert Coffee, Image Gallery, Stale Mater Gallery and many more!
We are an equal housing opportunity provider. Consistent with applicable law, we do not discriminate on the basis of race, creed, color, national origin, sexual orientation, lawful source of income, military status, sex, gender identity, age, disability, familial status (having children under age 18), or religion. Equal Housing Opportunity.