$1,285,000
●
Townhouse -
Off Market
82 Bushwick Avenue #BUILDING
Brooklyn, NY 11211
5 Beds
4 Baths
2506 Sqft
$1,379,499
RealtyHop Estimate
7.35%
Since Oct 1, 2022
NY-New York
Primary Model
About This Property
Prime investment opportunity in Williamsburg! 82 Bushwick Avenue is
situated in a prime location with Citi Bike and the Grand L stop
right outside the front door. Property needs gut renovation to
reach its maximal potential. Currently tenant occupied, will be
delivered vacant and closing can be as soon as July 26 or
later.
Lot Size: 21.75 ft x 60.75 ft
R7A Zoning
Buildable Square Footage: 5,284 sqft
Would be an amazing single family townhome in prime Williamsburg, a two family with a triplex and rooftop lounge atop of a garden 1 or 2 bedroom, but most profitable would be developing into a 4 family rental building by adding a floor and creating two 2 bedroom and two 1 bedroom units.
Purchase price + estimated construction costs & prospective rents equates to a 6% or 7% cap rate, which is many real estate investor's dream!
Located in prime Williamsburg, this location is unmatched. Experience the incredible artistic vibe and ever-transient environment of one of the most talked about neighborhoods on Earth! So many unique and amazing bars, restaurants, nightlife, and boutique shops steps away from this house, as well as some of the most ground-breaking new fitness facilities in the entire NYC Metro; this address is like no other.
*Needs proper renovation and has significant air rights to maximize profitability. Advertised square footage is estimated and includes basement. Property data and prospective pro-forma available upon request.
**Selling in as-is condition.
Lot Size: 21.75 ft x 60.75 ft
R7A Zoning
Buildable Square Footage: 5,284 sqft
Would be an amazing single family townhome in prime Williamsburg, a two family with a triplex and rooftop lounge atop of a garden 1 or 2 bedroom, but most profitable would be developing into a 4 family rental building by adding a floor and creating two 2 bedroom and two 1 bedroom units.
Purchase price + estimated construction costs & prospective rents equates to a 6% or 7% cap rate, which is many real estate investor's dream!
Located in prime Williamsburg, this location is unmatched. Experience the incredible artistic vibe and ever-transient environment of one of the most talked about neighborhoods on Earth! So many unique and amazing bars, restaurants, nightlife, and boutique shops steps away from this house, as well as some of the most ground-breaking new fitness facilities in the entire NYC Metro; this address is like no other.
*Needs proper renovation and has significant air rights to maximize profitability. Advertised square footage is estimated and includes basement. Property data and prospective pro-forma available upon request.
**Selling in as-is condition.
Unit Size
2,506Ft²
Days on Market
118 days
Land Size
-
Price per sqft
$513
Property Type
Townhouse
Property Taxes
-
HOA Dues
-
Year Built
1901
Last updated: 5 months ago (RLS #OLRS-0086155)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 21, 2022 | Sold | $1,285,000 | |
Sold | |||
May 26, 2022 | Listed by R New York | $1,285,000 | |
Listed by R New York |
Property Highlights
Interior Details
Bedroom Information
Bedrooms: 5
Bathroom Information
Full Bathrooms: 4
Interior Information
Living Area: 2506
Room Information
Rooms: 16
Exterior Details
Property Information
Year Built: 1901
Building Information
Pets Allowed: Building Yes, Yes
Lot Information
Lot Size Dimensions: 21.67 x 60.67
Land Information
Tax Lot: 19
Tax Block: 2784
Location Details
Subdivision Name: East Williamsburg
Stories Total: 3
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
Sold
Condo
2
Beds
2
Baths
2,000 ft²
$594/ft²
$1,188,000
Apr 27, 2020
$1,188,000
Jun 19, 2020
$738/mo
Condo
2
Beds
2
Baths
1,608 ft²
$818/ft²
$1,315,000
Aug 14, 2020
$1,315,000
Feb 9, 2021
$762/mo
Sold
Condo
2
Beds
3
Baths
1,445 ft²
$969/ft²
$1,400,000
Nov 6, 2019
$1,400,000
Jun 3, 2020
$931/mo
Sold
Condo
2
Beds
3
Baths
1,590 ft²
$967/ft²
$1,537,500
Aug 11, 2022
$1,537,500
Nov 23, 2022
$1,950/mo
Sold
Condo
2
Beds
1.5
Baths
1,325 ft²
$943/ft²
$1,250,000
Nov 3, 2016
-
Feb 5, 2021
$784/mo
In Contract
Condo
2
Beds
2
Baths
2,000 ft²
$700/ft²
$1,399,000
Oct 7, 2021
-
$639/mo
Active
Condo
2
Beds
2
Baths
1,569 ft²
$953/ft²
$1,495,000
May 14, 2024
-
$1,920/mo
In Contract
Condo
1
Bed
2
Baths
1,218 ft²
$1,149/ft²
$1,399,000
May 7, 2024
-
$706/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
05/26/2022
|
5 Bed
|
4 Bath
|
2506 ft²
|
$1,285,000
5 Bed
4 Bath
2506 ft²
|
$1,285,000
09/21/2022
|
-
|
Colin Roy
The Corcoran Group
|