433 Jefferson was built in 1900 and it is now a brand new turnkey investment. The current owner spent the last year completely gutting the building in order to create 6 brand new apartments. The building is located between Throop Avenue and Marcus Garvey Avenue in the revolutionizing Bedford-Stuyvesant neighborhood. Each new apartment in this 3-story building comes with a storage space in the basement. It sits on a 25'x 100' lot and the building is 70' deep.

The rental units are spacious  designed -- which is increasingly rare in today's real estate climate -- and thus looks to appeal to tenants looking to share space to save on costs and/or a family that needs space. There are six (6) free market apartments:

The 1st floor is made up of two (2) duplex 4 bedrooms with home offices, 1.5 bathrooms and a private back yard.

The two second floor apartments are spacious 3-bedroom units with 1 bathroom each.

The 3rd floor also has two 3-bedroom apartments with 1 bathroom in each.

The property is delivered with a rent roll of $221k and a NOI of $188k. Bedford-Stuyvesant is located in central Brooklyn and nudges up against the ultra-hip Williamsburg neighborhood. Williamsburg is a historic neighborhood that boasts both pristine brownstones and  uniquely stylish storefronts.

Today, generations-old Bedford-Stuyvesant residents share their streets with hip newcomers and young professionals. Once dogged by dicey reputation, current residents of Bed-Stuy exhibit immense dedication to their neighborhood and continue to support the daily improvements such as newly renovated social outlets that are joining the cadre of locally-owned businesses already in place.

Attractive points to prospective buyers looking to invest in Bedford-Stuyvesant's future include the 5.09% cap rate plus the $220k NOI.