55 St. Nicholas Avenue

Photo: TerraCRG

A six-unit Bushwick building is up for grabs, with an asking price of $1.775 million.

55 St. Nicholas Avenue measures 5,832 square feet and is located between Starr Street and Willoughby Avenue. Three of the apartments are newly renovated three-bedrooms. The freshly redone units are collecting rents of $2,500 per month, while the non-renovated homes have rents “over three times below fair market value.”

TerraCRG is marketing the 27′ by 72′ property.

“The Bushwick multifamily market is thriving as investor confidence in the area continues to increase due to the aggressive rent growth and the burgeoning condo development possibilities in the neighborhood,” TerraCRG’s Matthew Cosentino said in a statement.

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