223 Central Avenue, Bushwick, Brooklyn

223 Central Avenue is a fully gut-renovated 8-unit multifamily building located in prime Bushwick, between Stanhope Street and Himrod Street.

The property underwent an Alt-1 conversion in 2020, during which the entire building was renovated. The building features split-unit HVAC systems, modern kitchen appliances, and laundry in the building. The 5-story property contains a total of 5,485 square feet and is Tax Class 2B, providing long-term tax protection.

The property is fully free-market and is currently grossing approximately $334,000 annually with an NOI of approximately $277,000.

223 Central Avenue is conveniently located two blocks from the Central Avenue M train and three blocks from the Knickerbocker Avenue M train, offering strong transit access in one of Brooklyn’s most active rental submarkets.