$2,150,000
Updated 8 years ago
Off Market

469 Central Ave

Bushwick, Brooklyn | Madison Street & Putnam Ave

10 Beds5 Baths4,500 Square FeetIncome Property

$2,150,000
floors / apts4 / 5
Lot Size25'x84'
ZoneR6
Building TypeLow-Rise
RE Taxes$8,287
Price Per SF
$478

Building Amenities

  • Voice Intercom

Property Description for 469 Central Ave

Perfect Investor's Property!

Amazing 25ft wide brick townhome located in the very popular and growing Bushwick neighborhood with great access to trains and nightlife, very attractive to potential tenants! Building has been recently renovated and is in very good condition. This well laid out home will make for the perfect investment property; with all 5 units being 2 bedroom layouts attracting the highest possible returns ranging from $2,250-2,850/month, total rent roll of $153,600 per year and low expenses of $31,600 per year create over a 5% CAP rate this is one not to be missed!

Building being offered fully leased, turn-key investment. Commercial possibility on 1st floor.

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 Caf, Covert Coffee, Image Gallery, Stale Mater Gallery and many more

Showings beginning immediately.

Listing History for 469 Central Ave

Now
11/25/2018
POM by Daniel Fried
Douglas Elliman
08/27/2018
Expired by Daniel Fried
Douglas Elliman

Building Details for 469 Central Ave

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts4/5
Learn More About the Building

Transit and Citi Bike

Subway

Halsey St
0.4 miles
Gates Av
0.48 miles

Citi Bike

Central Ave & Weirfield St
0.13 miles
Jefferson Ave & Evergreen Ave
0.14 miles

Contact Agents

Contact Agents

Daniel Fried
Douglas Elliman
Jessica Peters
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: 72264TH