Updated 7 years ago
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851 Hart Street
Bushwick, Brooklyn | Knickerbocker Ave & Irving Ave
11 Rooms11 Beds6 Baths5,250 Square FeetMulti-Family
$2,300,000
floors / apts3 / 6
Lot Size25'x100'
Built Size25'x70'
ZoneR6
Building TypeHouse
RE Taxes$11,100
Price Per SF
$438
This property was sold for $2,200,000 on 02/19/19.
Property Description for 851 Hart Street
A Spectacular Multifamily
Prime investor opportunity. This totally gut-renovated approximately 5,250 square foot multi-family property with White Limestone faade located in the heart of Bushwick has room for value add improvement with the potential for condo conversion.
All six units are designed with a modern feel and benefit aesthetically from the industrial character of wall-to-wall exposed brick. The open layout kitchen is complete with ceramic tiled floors, stainless steel appliances and oak wood cabinetry providing sufficient storage and surface area and is a great turnkey solution that will attract tenants immediately. With hardwood floors throughout, plenty of windows and great light the units are bright and airy.
All bedrooms are large enough to fit a queen-sized bed, making this a palatable offering to the local market. Spacious Foyers could be re-partitioned for maximum efficiency and a more spacious feel. Each apartment contains its own heat and hot water systems, making development into condo units a seamless conversion. Upon closing, a one bedroom and two two-bedroom apartments will be delivered vacant and the remaining three two-bedroom units will be delivered occupied with leases expiring in 2018.
This Six-Family property located near public transportation, nightlife and Bushwicks world renowned art community, make for a wholly marketable project for rent or for sale in one of Brooklyns fastest growing neighborhoods. This is a must see for all investors or building looking to live in one of the units and rent out the rest. Set Up with Income and Expenses available upon request.
Prime investor opportunity. This totally gut-renovated approximately 5,250 square foot multi-family property with White Limestone faade located in the heart of Bushwick has room for value add improvement with the potential for condo conversion.
All six units are designed with a modern feel and benefit aesthetically from the industrial character of wall-to-wall exposed brick. The open layout kitchen is complete with ceramic tiled floors, stainless steel appliances and oak wood cabinetry providing sufficient storage and surface area and is a great turnkey solution that will attract tenants immediately. With hardwood floors throughout, plenty of windows and great light the units are bright and airy.
All bedrooms are large enough to fit a queen-sized bed, making this a palatable offering to the local market. Spacious Foyers could be re-partitioned for maximum efficiency and a more spacious feel. Each apartment contains its own heat and hot water systems, making development into condo units a seamless conversion. Upon closing, a one bedroom and two two-bedroom apartments will be delivered vacant and the remaining three two-bedroom units will be delivered occupied with leases expiring in 2018.
This Six-Family property located near public transportation, nightlife and Bushwicks world renowned art community, make for a wholly marketable project for rent or for sale in one of Brooklyns fastest growing neighborhoods. This is a must see for all investors or building looking to live in one of the units and rent out the rest. Set Up with Income and Expenses available upon request.
Building Details for 851 Hart Street
OwnershipMulti-Family
Building TypeHouse
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts3/6
Transit and Citi Bike
Subway
DeKalb Av
0.23 miles
Jefferson St
0.29 miles
Knickerbocker Av
0.3 miles
Central Av
0.41 miles
Citi Bike
Suydam St & Knickerbocker Ave
0.07 miles
Irving Ave & DeKalb Ave
0.08 miles
Bushwick | Brooklyn
Quick Profile
As one of the most diverse neighborhoods in New York, Bushwick offers a perfect snapshot of just how multicultural the city is. Long-established as an amalgam of cultures and ethnicities, a wave of varying types of immigrants trickled in from the seventeenth to twentieth centuries, with Bushwick largely becoming a home to Hispanics of Puerto Rican and Dominican backgrounds by the latter part of the twentieth century.
With the Bushwick Initiative of the mid-00s that aided in revitalization, it became an attractive area to young professionals and artists. And even now, Bushwick has sustained affordable rent prices where other North Brooklyn counterparts, like Williamsburg and Greenpoint, have become more expensive. Priding itself on the weird and the wacky, numerous art collectives thrive in this part of Brooklyn, once famously named the seventh coolest neighborhood in the world by Vogue.
Though it has drawn in many tourists in recent years (there’s even a graffiti tour you can take from the Bushwick Collective), the neighborhood remains very much community-oriented, and has not been subject to quite the same sort of corporate infiltration phenomenon of its nearby Williamsburg environs.
But yes, of course, Bushwick has come a very long way from its 80s and 90s reputation as being “The Well,” a nickname given to it for its free-flowing and widely available amount of drugs (quantity over quality being the cliche applied here).
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 69088TH
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