$1,188,000
Updated 10 years ago
Sold

1124 Greene Ave

Bushwick, Brooklyn | Bushwick Ave & Evergreen Ave

6 Beds3 Baths3,000 Square FeetMulti-Family

$1,188,000
floors / apts3 / 3
Lot Size20'x100'
Built Size20'x50'
ZoneR6
Building TypeTownhouse
RE Taxes$2,459
Price Per SF
$396

This property was sold for $1,188,000 on 02/01/16.

Listing Features

  • Original Details

Building Amenities

  • Voice Intercom
  • Second Entry
  • Stoop Entry

Property Description for 1124 Greene Ave

SIGNED CONTRACT! Rarely available: 3-Family with 3 income producing rentals. Income in every foot. Looking for an investment property with great cash flow? Want a Cap Rate near 6%? INVESTOR DELIGHT is for you! Tenant ready property on tree-lined block with 1800 sq feet of air rights. On the border of Bed-Stuy and Bushwick, its a brownstone with stoop and three income producing rentals. Hot appeal to renters from Williamsburg and central Bed-Stuy. Late-hours laundry, corner store, and cafe within half a block! Units are recently renovated and feature historic pre-war details extenuated by upgraded appliances and bathrooms, new cabinetry and kitchen, individual electric meters, turnkey and cash in! Each unit boasts approximately 1000-1100 square feet.Additional income available for minimal effort. The full basement and opportunity to create a duplex give way to endless possibilities. FAR of 2.43 provides a maximum allowable of 4,860 sq. ft. Bring an architect to build another unit!

Building Details for 1124 Greene Ave

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts3/3
Learn More About the Building

Transit and Citi Bike

Subway

Kosciuszko St
0.26 miles
Gates Av
0.27 miles
Central Av
0.37 miles
Knickerbocker Av
0.43 miles

Citi Bike

Bushwick Ave & Harman St
0.08 miles
Van Buren St & Broadway
0.15 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: 59242TH