$2,499,000
Updated 8 years ago
Off Market

90 George Street

Bushwick, Brooklyn | Central Ave & Wilson Ave

24 Rooms12 Beds6 Baths4,800 Square FeetMulti-Family

$2,499,000
floors / apts3 / 6
Lot Size25'x100'
Built Size25'x64'
ZoneR6
Building TypeHouse
RE Taxes$4,977
Price Per SF
$521

Outdoor space and views

  • Backyard

Property Description for 90 George Street

90 George street presents the rare opportunity to renovate, expand, and maximize your return on investment in one of Brooklyn's most sought after neighborhoods. This 25x64 brick, rent stabilized, three-story walk-up building has six residential units and is located in trendy Bushwick. Each unit offers a 2 bedroom layout. Five units will be delivered vacant, one unit is rent controlled. With enormous upside and a potential solid cap rate, once updated, this is a rarity within this section of Bushwick. The roof was recently done about 3 years ago along with upgrading of the electrical meters. With R6 Zoning and additional FAR, this property is perfect for an investor who is looking for a buy and hold, or for a condo conversion. This brick building is conveniently located minutes from the M and L train lines and amongst a slew of notable restaurants, emerging venues, and new development. Neighborhood staples like Roberta's pizza, Bunna cafe, Bunker Vietnamese, Falansai, Mominette Bistro and Sincerely Burger, to name a few, provide multi-cultural cuisine to this artistic and dynamic neighborhood.

Listing History for 90 George Street

Now
12/26/2018
POM by Jessica White
Compass
09/27/2018
TOM by Jessica White
Compass

Building Details for 90 George Street

OwnershipMulti-Family
Building TypeHouse
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts3/6
Learn More About the Building

Transit and Citi Bike

Subway

Morgan Av
0.3 miles
Central Av
0.35 miles
Myrtle Av
0.46 miles
Jefferson St
0.48 miles

Citi Bike

George St & Wilson Ave
0.04 miles
Central Ave & Melrose St
0.09 miles

Contact Agent

Contact Agent

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: 72423TH