$995,000
Updated 8 years ago
Sold

370 Wilson Ave

Bushwick, Brooklyn | Gates Ave & Palmetto Street

9 Rooms2 Beds2 Baths3,400 Square FeetMixed Use

$995,000
floors / apts2 / 1
Lot Size20'x80'
ZoneR6
Building TypeLow-Rise
RE Taxes$5,061
Price Per SF
$293

This property was sold for $875,000 on 09/14/18.

Property Description for 370 Wilson Ave

The building is VACANT- Lots of value here for the savvy owner who wants to utilize the rich inherent community FAR(4.8) and Residential FAR(2.43) to create a robust building. Alternatively, the end user can create a dynamic home as this large building offers a massive amount of living space. This property rests in in the middle of transportation offering the flexibility of the M, J & L trains. The great growth opportunity can be seen in the 4.8 FAR for Facility; offering a wide range; educational, healthcare, religious and not-for-profit institutions. Moreover, the property has a 2.43 Residential FAR offering a wonderful residential component. This combination allows the buyer to create a robust building as the Zoning is R6, C2-3.Property Characteristics:Lot Area: 1,600 sq ft (20' x 80')# of Buildings: 1 Year built: 1988Building frontage: 20' (Building frontage along the street measured in feet.)# of floors: 2 Building Area: 3,400 sq ftTotal Units: 2 Residential Units: 1Primary zoning: R6 Commercial Overlay: C2-3Floor Area Ratio: 2.13 Max. Allowable Residential FAR: 2.43 Max. Allowable Commercial FAR: 0 Max. Allowable Facility FAR: 4.8

Listing History for 370 Wilson Ave

Now
07/13/2018
Sold and Closed by Andrew Mapp
Corcoran
07/05/2018
Contract Signed by Andrew Mapp
Corcoran

Building Details for 370 Wilson Ave

OwnershipMixed Use
Building TypeLow-Rise
AgePost-War
AccessWalk-up
Year Built1988
Floors/Apts2/1
Learn More About the Building

Transit and Citi Bike

Subway

Knickerbocker Av
0.33 miles
Myrtle-Wyckoff Avs
0.36 miles
Gates Av
0.49 miles

Citi Bike

Central Ave & Woodbine St
0.13 miles
Linden St & Knickerbocker Ave
0.16 miles

Contact Agent

Contact Agent

Andrew Mapp
Corcoran

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: 72580TH