Updated 7 years ago
Sold
532 Willoughby Ave
Bedford Stuyvesant, Brooklyn | Marcy Ave & Tompkins Ave
10 Rooms5 Beds3.5 Baths1,899 Square FeetMulti-Family
$1,200,000
floors / apts3 / 3
Lot Size18'x100'
Built Size18'x40'
ZoneR6B
Building TypeTownhouse
RE Taxes$3,408
Price Per SF
$632
This property was sold for $1,200,000 on 02/21/19.
Outdoor space and views
- Backyard [46'x19']
Building Amenities
- Voice Intercom
Property Description for 532 Willoughby Ave
Adorable 3 story, 3-family brick townhouse with basement in prime Bed Stuy location. This property works great for someone looking to occupy one unit and use the rent from other two units to pay the mortgage, living virtually for free. With projected income of $82,800/year and a Cap Rate of 5.3% this is also an ideal building for investment and works well for 1031 Exchange buyers. Set up as two one bedrooms each garnering approx. $1,700/month for maximum per square foot rental income and a 3 bedroom duplex garnering approx. $3,500/month. Spacious layouts, bright light and high ceilings, updated bathrooms and kitchens with stainless steel appliances. On the same block as Willoughby General and ideally located a block from the Myrtle/Willoughby G train plus great bus and bike lane access. All mechanicals are in good condition and the building is fully functioning. Vacant and delivered as such. Income and expense sheet available upon request.
Building Details for 532 Willoughby Ave
OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1899
Floors/Apts3/3
Transit and Citi Bike
Subway
Myrtle-Willoughby Avs
0.07 miles
Bedford-Nostrand Avs
0.4 miles
Flushing Av
0.47 miles
Citi Bike
Marcy Ave & Hart St
0.06 miles
Willoughby Ave & Tompkins Ave
0.11 miles
Bedford Stuyvesant | Brooklyn
Quick Profile
Known for its historic brownstones and tight-knit enclave, Bed-Stuy has increasingly left behind its early reputation for being a “bedroom community” and transcended into a highly desirable neighborhood.
Distinct for its aesthetic, it is populated with ornate buildings characterized by cornices, friezes, finials, fluting and other marks of classic architecture. Built up during the period from 1870 to 1900, its historic district runs to the north of Jefferson Avenue, to the east of Malcolm X Boulevard and to the west of Tompkins Avenue.
At one point known as “Brooklyn’s Little Harlem,” the shape of the area has shifted toward attracting a wider demographic of people thanks to the influx of bars, restaurants, antique furniture stores and vintage boutiques. More police enforcement paired with the decline of the crack epidemic at the beginning of the 2000s also opened the door for increased development, as well as the occupation of formerly abandoned buildings and spaces.
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: 66087TH
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