603 New Jersey Avenue is a 6 unit brick rent stabilized building a block from the Pennsylvania Avenue 3 train and close to the Livonia Avenue L as well as the LIRR. Five of the units are currently rented with no arrears. The vacant unit is undergoing renovations in order to maximize its value. In addition there is a finished basement occupying the entire footprint of the building, representing a significant value add opportunity should the new owners install washer/dryers and storage cages. East New York is one of the best areas in Brooklyn to invest in - renters have been flocking to the neighborhood as they get priced out of BedStuy and Bushwick, ensuring savvy investors a steady stream of income.