$2,750,000
Updated 9 years ago
Sold

1117 Jefferson Ave

Bushwick, Brooklyn | Bushwick Ave & Evergreen Ave

4,378 Square FeetIncome Property

$2,750,000
floors / apts5 / 4
Lot Size20'x100'
Built Size20'x45'
ZoneR6
Building TypeTownhouse
RE Taxes$1,656
Price Per SF
$628

This property was sold for $2,750,000 on 09/11/17.

Outdoor space and views

  • Backyard
  • Skyline Views

Building Amenities

  • Roof Deck

Property Description for 1117 Jefferson Ave

PHOTOS COMING SOON! Incredible opportunity to own a newly constructed, legal four-family townhouse with a 15-year J51 tax abatement. 1117 Jefferson Avenue is built 20ft x 51ft with 5,564 sq. ft. over four (4) stories plus the cellar. All units feature hardwood flooring, stainless steel appliances, shaker cabinetry in the kitchens, Caesarstone countertops and a subway tile backsplash. In addition to private outdoor space for units 1, 2 and 4 there is a spacious common roof deck for the building.

Unit 1 is a three bedroom (3BR)/ 1.5Bath with an expansive recreation room and access to half of the backyard. Unit 2 is a simplex comprised of three bedrooms (3BR)/1.5 Baths with access to the second half of the back yard. Unit 3 is a simplex three bedroom (3BR)/1Bath. Unit 4 is a five bedroom (5BR)/ two bath (2Bath) with a large skylight, flooding the units with sunshine, and a private roof deck. The projected rent role is approx. $190,200, which results in a cap rate that is over 6%

Transportation is a breeze with nearby J, M, Z and L trains making the commute to downtown Manhattan approximately 25 minutes. The local neighborhood offers a plethora of restaurants, nightlife and cultures venues. Local attractions include The Platform Bar, Anda Lucia Bar, The Wilky Bar, Toad Style Restaurant, Macdonough Café, Covert Coffee, Image Gallery, Stale Mater Gallery and many more!

Listing History for 1117 Jefferson Ave

Now
08/15/2017
Contract Signed by Jessica Peters
Douglas Elliman
08/15/2017
Back on the Market by Jessica Peters
Douglas Elliman

Building Details for 1117 Jefferson Ave

OwnershipIncome Property
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1905
Floors/Apts5/4
Learn More About the Building

Transit and Citi Bike

Subway

Halsey St
0.2 miles
Gates Av
0.35 miles

Citi Bike

Jefferson Ave & Evergreen Ave
0.07 miles
Madison St & Evergreen Ave
0.15 miles

Contact Agents

Contact Agents

Jessica Peters
Douglas Elliman
Stephanie O'Brien
Douglas Elliman
Daniel Fried
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: 66679TH