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312 Menahan Street
Bushwick, Brooklyn | Irving Ave & Wyckoff Ave
25 Rooms12 Beds7 Baths3,354 Square FeetIncome Property
$3,395,000
$3,395,000
Updated 8 years ago
Off Market

312 Menahan Street

Bushwick, Brooklyn | Irving Ave & Wyckoff Ave

25 Rooms12 Beds7 Baths3,354 Square FeetIncome Property

$3,395,000
floors / apts4 / 6
Lot Size20'x100'
Built Size20'x55'
ZoneR6
Building TypeLow-Rise
RE Taxes$1,919
Price Per SF
$1,012

Outdoor space and views

  • Balcony
  • Patio
  • Terrace

Building Amenities

  • Elevator

Property Description for 312 Menahan Street

**Unique Investment Opportunity to Earn ~5.5% Cap Rate with Purchase of Brand New Four-Story/Six-Unit Building in Increasingly Popular Bushwick Neighborhood**

This new development contains six free-market apartments that can be delivered vacant for condo conversions or with a rent roll in place that will earn an approximate 5.4% cap rate.

The building presents a modern aesthetic with a brick and oxidized metal facade.

First floor: floor-through 3BD/2BA
Second floor: floor-through 4BD/2BA
Third floor: two 2BD/1BA units
Fourth floor: 2BD/1BA and 1BD/1BA

Each unit comes with private outdoor space, with the back patio being accessed by the residents of the first floor and the built-up rooftop providing private access to the second floor residents. Also within each apartment are a washer/dryer, stainless steel appliances including microwave and dishwasher, central air, and an independent boiler.

312 Menahan Street is located just five minutes from transportation and is situated among the many restaurants, nightlife, and outdoor activities that Bushwick has to offer. The area is up and coming which allows for significant asset appreciation.

Listing History for 312 Menahan Street

Now
12/31/2018
POM by Eugene Litvak
Compass
10/02/2018
TOM by Eugene Litvak
Compass
Load More

Building Details for 312 Menahan Street

OwnershipIncome Property
Building TypeLow-Rise
AgePost-War
AccessElevator
Year Built2017
Floors/Apts4/6
Learn More About the Building

Transit and Citi Bike

Subway

Myrtle-Wyckoff Avs
0.13 miles
Knickerbocker Av
0.29 miles
DeKalb Av
0.31 miles
Seneca Av
0.4 miles

Citi Bike

Menahan St & Wyckoff Ave
0.06 miles
Myrtle Ave & Linden St
0.09 miles

Contact Agents

Contact Agents

Eugene Litvak
Compass
Giovanni Castro
Compass

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). 

More

Featured on the Linecity Blog

The MEDIAN

Manhattan | August 2023

According to New York City records, the median price for an apartment in Manhattan for the month of August 2023 was $1,150,000.  The price represents a minimal decrease of .02% from the median price of $1,175,000 recorded in August 2022.  The number of apartment sales, however, fell from 1,546 to 1,204 reflecting a year-over-year decreas...

posted on December 8, 2023
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: 73268TH
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