$1,520,000
Updated 8 years ago
Off Market

74 Eldert Street

Bushwick, Brooklyn | Bushwick Ave & Evergreen Ave

11,200 Square FeetMulti-Family

$1,520,000
floors / apts4 / 16
Lot Size35'x100'
Built Size35'x80'
ZoneR6
Building TypeLow-Rise
Price Per SF
$136

Building Amenities

  • Voice Intercom

Property Description for 74 Eldert Street

> This is an immaculate, violation free, 16 family all residential apartment building in the red hot neighborhood of Bushwick. > This property is all large apartments - 12 two bedrooms an 4 one bedrooms. > This building has a legal DHCR rent roll of $276K and a current rent roll of just under $200K. > TOTAL expenses are approximately $70K. > Located steps to the J train. > TREMENDOUS upside in both appreciation and cash flow.

Listing History for 74 Eldert Street

Now
10/08/2012
POM by Alexander Maroni
Douglas Elliman
07/10/2012
Exclusive Expired by Alexander Maroni
Douglas Elliman

Building Details for 74 Eldert Street

OwnershipMulti-Family
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1909
Floors/Apts4/16
Learn More About the Building

Transit and Citi Bike

Subway

Halsey St
0.22 miles
Chauncey St
0.3 miles
Wilson Av
0.46 miles
Bushwick Av-Aberdeen St
0.47 miles

Citi Bike

Eldert St & Bushwick Ave
0.05 miles
Halsey St & Evergreen Ave
0.11 miles

Contact Agents

Contact Agents

Alexander Maroni
Douglas Elliman
Bren Salamon
Douglas Elliman

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: 42691TH