$895,000
Updated 11 years ago
Off Market

850 Flushing Ave

East Williamsburg, Brooklyn | Bushwick Ave & Garden Street

4,125 Square FeetIncome Property

$895,000
floors / apts3 / 6
Lot Size25'x84'5"
Built Size25'x55'
ZoneR6A
Building TypeTownhouse
Price Per SF
$217

Building Amenities

  • Voice Intercom

Property Description for 850 Flushing Ave

> Accepting offers for this Brick Frame 6 family investment property located on Flushing Avenue on the boarder of Bushwick and East Williamsburg . > The property consists of 1 bedrooms plus den in each apartment, offering significant upside in rentals income with current market rents averaging $1300-$1400/mo. > 5 out of 6 units will be delivered vacant and one unit is currently rent controlled. > Near the J, M train at Flushing Ave station and L train at Montrose Ave station only 15-20 min subway ride into Manhattan. > Shown By Appointment Only.

Listing History for 850 Flushing Ave

Now
01/30/2011
POM by Alice Corporan
Corcoran
2011

Building Details for 850 Flushing Ave

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts3/6
Learn More About the Building

Transit and Citi Bike

Subway

Flushing Av
0.2 miles
Myrtle Av
0.31 miles
Morgan Av
0.4 miles
Montrose Av
0.45 miles

Citi Bike

Bushwick Ave & Forrest St
0.08 miles
Beaver St & Fayette St
0.08 miles

Contact Agent

Contact Agent

East Williamsburg | Brooklyn

Quick Profile

East Williamsburg is a mixed industrial neighborhood in Brooklyn, with many working factories that make everything from beer and wontons to clothing and concrete. You are likely to hear screeching, pounding and the deep thump of industrial machinery throughout the day. East Williamsburg has become a haven for artists and musicians of every description, who are attracted to the large open loft spaces of the converted industrial buildings. The area has attracted a younger crowd of 20- and 30-somethings that are drawn by affordable rents and a generally lower cost of living.

There is a rich history of immigrants from Puerto Rico and Italy, and oddly enough, they chose to settle on opposite ends of Graham Avenue, with the Italians on the north and the Puerto Ricans on the south.

Housing in the area consists of mid-rise apartment buildings, row houses, and public housing complexes. There are also smaller multi-family apartment buildings available. Lofts are becoming more prevalent as the older, abandoned factory buildings come up for sale and are converted into residential properties. 

East Williamsburgfairly pulses with a creative vibe. There are unique shopping venues, numerous tiny coffee shops, interesting restaurants, and cafes, along with food trucks that frequent the area. The grocery stores are affordable and carry a wide variety of goods that appeal to the eclectic tastes of the neighborhood residents.

There is a vibrant bar scene, where you will find mostly local residents imbibing, so it is easy to make friends among your neighbors if you stop in frequently at your favorite watering hole. There are many interesting shops, bars and restaurants tucked in amongst the warehouses and factories. Many do not invest in elaborate signage, so it can be difficult to find some of the best spots. Keep an eye out for hand-painted signs on the sides of buildings with arrows pointing to nondescript, nearly invisible entrances.

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: 31858TH