$1,999,000
Updated 8 years ago
Off Market

579-587 Wilson Ave

Bushwick, Brooklyn | Covert Street & Eldert Street

Mixed Use

$1,999,000
floors / apts4 / 4
Lot Size25'x100'
Built Size25'x100'
ZoneR6
Building TypeLow-Rise
RE Taxes$8,100

Building Amenities

  • Elevator

Property Description for 579-587 Wilson Ave

PRIME BUSHWICK, CORNER PROPERTY. WITHIN WALKING DISTANCE TO IRVING PARK. NEAR L/J/M TRAIN. POTENTIAL TO BE A 10 CAP! 4 APARTMENTS OVER 4 STORES. TWO 3 BDRM / 1 BATH APTS & TWO 2 BDRM / 1 BATH APTS. 3 STORES ARE VACANT. 1 STORE HAS A LEASE WITH FOUR YEARS REMAINING. STORE IS PAYING $1,400. GREAT INVESTMENT OPPORTUNITY WITH AMAZING INCOME POTENTIAL! NEW BOILER AND WATER TANK. THE PROPERTY ADDRESS IS ALSO KNOWN AS 217 COVERT STREET. EACH VACANT STORE CAN GET $1500 - $1800 PER MONTH RENT. THE VACANT 2 BDRM APT CAN GET $2500 PER MONTH RENT IF RENOVATED. THE 3 BDRM APT CAN GET $3200 PER MONTH RENT IF RENOVATED.

Building Details for 579-587 Wilson Ave

OwnershipMixed Use
Building TypeLow-Rise
AgePost-War
Floors/Apts4/4
Learn More About the Building

Transit and Citi Bike

Subway

Wilson Av
0.27 miles
Halsey St
0.39 miles

Citi Bike

Central Ave & Covert St
0.13 miles
Knickerbocker Ave & Halsey St
0.14 miles

Contact Agent

Contact Agent

Jack Sardar
Madison Estates

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: 65939TH