33 Lawton Street

New York NY 11221

2784 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Attention investors and end-users in search of an exciting opportunity on the border of Bushwick and Bed-Stuy: Welcome to 33A Lawton Street! Currently setup as a two-family over three stories, an investor could easily add value by converting to a three-family, utilizing the ~1,000 SF of air rights as an extension, and/or duplexing the first floor with the full basement. Alternatively, the easy floorplate would allow an end-user to combine the units into a magnificent single-family. The present layout has the first two floors combined into a massive 3 bedroom/2 bath totaling nearly 2,000 SF. The family room and/or living room could be converted into a fourth bedroom, potentially even a fourth and fifth bedroom. The 3rd floor unit is a generously sized 1 bedroom/1 bath of approximately 900SF leaving ample space for a 2nd bedroom conversion. It is leased at $3,200/month and there is a lease out for the larger unit at $5,500/month. Considering the protected Tax Class 1 (maximum average tax increase of 4% annually), strong rental market, and appreciation occurring in the area, this property could work well for an income-based purchaser as well as a more value-add oriented investor. Additional highlights include massively sized rooms, huge windows with an abundance of natural light, and plenty of storage space. Feel free to reach out with any questions or to set up a showing.

Features

5 bedrooms

3 bathrooms

2784 sq. ft. floor area

Multi-Family

Property history for 33 Lawton Street

2022

Sold

Undisclosed

25 Aug 2022

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