$1,375,000
●
Townhouse -
In Contract
1234 BUSHWICK Avenue #NA
Brooklyn, NY 11221
4 Beds
3 Baths
3200 Sqft
$1,374,393
RealtyHop Estimate
-0.04%
Since Nov 1, 2023
NY-New York
Primary Model
About This Property
No work needed! 1234 Bushwick Ave is a turnkey fully renovated
three (3) unit multi-family building zoned R6 located in a
Qualified Opportunity Zone in the bustling neighborhood of
Bushwick, Brooklyn. This property is ideal for investors looking
for income producing rent roll and incredible upside with a
projected market CAP Rate easily eclipsing +/- 6.5%. Expenses are
low including the annual real estate taxes are Tax Class 1
currently $5,239.
The building is three (3) stories tall and offers a full height basement. Sitting on a 20' x 75' lot the above grade total building size is approximately 3,200 SF including the basement with additional 1,245SF of FAR for development. Each unit is a floor-through offering multiple exposures for abundance natural sunlight and boasting private outdoor spaces with the first floor providing an expansive garden/backyard space and the 2nd and 3rd floor units offering high ceilings including large private terraces. Details were retained such as decorative fireplace and modern conveniences are present with the remote-controlled split-system for heating and cooling. The basement is currently setup for central laundry and common storage for the tenants with a potential to duplex with the 1st floor unit in the future for additional upside.
Located in the heart of Bushwick surrounded by restaurants, bars, shopping, and easy transit. The J/Z/L/C trains is minutes away at the Halsey St/Chauncey St/Wilson Ave and Rockaway Ave stations and the B26, B7, and Q24 are right outside. Please call/email for any questions and to obtain a full sales memorandum for the property.
All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes, or withdrawal without notice. Buyer to verify all information.
The building is three (3) stories tall and offers a full height basement. Sitting on a 20' x 75' lot the above grade total building size is approximately 3,200 SF including the basement with additional 1,245SF of FAR for development. Each unit is a floor-through offering multiple exposures for abundance natural sunlight and boasting private outdoor spaces with the first floor providing an expansive garden/backyard space and the 2nd and 3rd floor units offering high ceilings including large private terraces. Details were retained such as decorative fireplace and modern conveniences are present with the remote-controlled split-system for heating and cooling. The basement is currently setup for central laundry and common storage for the tenants with a potential to duplex with the 1st floor unit in the future for additional upside.
Located in the heart of Bushwick surrounded by restaurants, bars, shopping, and easy transit. The J/Z/L/C trains is minutes away at the Halsey St/Chauncey St/Wilson Ave and Rockaway Ave stations and the B26, B7, and Q24 are right outside. Please call/email for any questions and to obtain a full sales memorandum for the property.
All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes, or withdrawal without notice. Buyer to verify all information.
Unit Size
3,200Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$430
Property Type
Townhouse
Property Taxes
$437
HOA Dues
-
Year Built
1915
Listed By
Last updated: 6 months ago (RLS #RPLU-33421576541)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jul 30, 2022 | In contract | - | |
In contract | |||
Feb 5, 2022 | Listed by Corcoran Group | $1,375,000 | |
Listed by Corcoran Group |
Property Highlights
Parking Details
Parking Features: Garage
Interior Details
Bedroom Information
Bedrooms: 4
Bathroom Information
Full Bathrooms: 3
Room Information
Laundry Features: Building In Basement
Rooms: 10
Basement Information
Exterior Details
Property Information
Year Built: 1915
Building Information
Outdoor Living Structures: None
Lot Information
Lot Size Dimensions: 75.00x20.00
Financial Details
Tax Annual Amount: $5,244
Utilities Details
Cooling Type: Central Air
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Townhouse
4
Beds
3
Baths
2,700 ft²
$491/ft²
$1,325,000
Jul 21, 2022
$1,325,000
Feb 27, 2023
-
Townhouse
5
Beds
2.5
Baths
2,856 ft²
$385/ft²
$1,100,000
Feb 21, 2018
$1,100,000
Jul 31, 2018
-
5
Beds
4
Baths
3,400 ft²
$440/ft²
$1,495,000
Nov 11, 2015
$1,495,000
Jul 8, 2016
$171/mo
5
Beds
4
Baths
3,360 ft²
$491/ft²
$1,649,000
Sep 15, 2017
$1,649,000
Dec 5, 2017
$191/mo
Townhouse
6
Beds
4
Baths
3,311 ft²
$414/ft²
$1,370,000
Oct 18, 2022
$1,370,000
Mar 15, 2023
-
Townhouse
6
Beds
3
Baths
3,000 ft²
$408/ft²
$1,225,000
May 13, 2022
$1,225,000
Jan 1, 1900
-
In Contract
Townhouse
4
Beds
5
Baths
2,400 ft²
$625/ft²
$1,499,000
Mar 15, 2021
-
-
Active
Townhouse
5
Beds
2.5
Baths
2,856 ft²
$413/ft²
$1,179,000
Mar 24, 2023
-
$612/mo
Townhouse
5
Beds
5
Baths
2,850 ft²
$570/ft²
$1,625,000
Jan 20, 2023
-
-
Active
Townhouse
5
Beds
3
Baths
2,532 ft²
$551/ft²
$1,395,000
Mar 13, 2023
-
-
Active
Townhouse
5
Beds
3.5
Baths
2,508 ft²
$618/ft²
$1,550,000
Jan 26, 2023
-
-
In Contract
Townhouse
5
Beds
3
Baths
2,310 ft²
$628/ft²
$1,450,000
Nov 1, 2022
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
02/05/2022
|
4 Bed
|
3 Bath
|
3200 ft²
|
$1,375,000
4 Bed
3 Bath
3200 ft²
|
-
-
|
-
|
Donald Lai
Corcoran
|
Building Info
About Northern Brooklyn
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