$2,500,000
Updated 7 years ago
Off Market
790 Flushing Ave
Williamsburg, Brooklyn | Humboldt Street & Beaver Street
6,300 Square FeetMixed Use
$2,500,000
floors / apts4 / 3
Lot Size19'5"x63'
ZoneC4-3
Building TypeTownhouse
RE Taxes$29,041
Price Per SF
$397
Building Amenities
- Voice Intercom
Property Description for 790 Flushing Ave
NEW IMPROVED PRICE! Handsome 4 story Flatiron. Yes, how unique is that?! A flatiron facade that stands out for its' rareness and architectural beauty. And, It's frontage is 40 feet wide. This gem is one block to the entrance to the JMZ train, which swiftly takes you to the Bowery in mintues. It's in high foot traffic prime Bushwick. Income producing: the Ground floor has an escalating triple net lease with a Dentist's office, which expires July 31, 2023. Three (3) additional loft floor-throughs above, where each loft space enjoys eleven (11) windows, more than 1,500 sq feet and 14 foot ceilings of light-filled space. Each loft space has a full bath and kitchen. The top floor also has a washer/dryer. The potential of this building is enormous; Already the rent roll is above 11,600K a month, currently. Under the Dentist's lease, the dentist pays a portioin of the property taxes, water bill and the owner enjoys a guarenteed annual increase in rent. The building is undergoing a CofO conversion from commercial to mixed use, under the NYC Loft Board, so, in addition, the tenants' rent is guarenteed to increase with each milestone improvement the owner makes towards mixed use compliance, plus the tenants' are to pay a portion of the renovation costs. Win-win for the owner! There is a spinkler system in place throughout the entire building, and each unit is already separately metered. 790-792 Flushing is in a fantastic highly visible location where it is seen and known for it's architectural beauty. The spacious unfinished cellar (think additional rental income) has high ceilings and iron pillars that stand the entire height of this solid building. 790-792 Flushing is, without an doubt, an authentic loft building, and given its numbers, is a savvy & sound investment. A very cool and spacious place to work and live.
Building Details for 790 Flushing Ave
OwnershipMixed Use
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts4/3
Transit and Citi Bike
Subway
Flushing Av
0.07 miles
Myrtle Av
0.37 miles
Lorimer St
0.42 miles
Montrose Av
0.46 miles
Citi Bike
Beaver St & Fayette St
0.06 miles
Park Ave & Marcus Garvey Blvd
0.18 miles
Williamsburg | Brooklyn
Quick Profile
Equal parts family-friendly and millennial haven/nightlife destination, Williamsburg offers the best of all worlds. Whether by night or by day, the ‘Burg has endless options for every type of personality and interest--which has only increasingly become the case after the neighborhood was rezoned in 2005. With the floodgate opened for more varied types of businesses, Williamsburg saw one of the highest rates of development in the past decade than any other part of Brooklyn.
Referred to as “Little Berlin” for its late night and club-oriented nature, Williamsburg works as hard as it plays. Apart from the Clubland concentrated around Wythe Avenue, there is also a slew of offices (like 25 Kent Avenue, a sprawling eight-floor, 500,000-square foot waterfront building) and co-working spaces such as WeWork, The Yard and Green Desk that make it an ideal location for the corporate-, startup- and tech-oriented set.
With more offices setting their sights on this part of Brooklyn, it only makes sense that more people want to live close to where they work. Apart from your average walk-up apartment, W-burg has famously become home to numerous condos along the waterfront that continue to grow and expand in concert with the businesses and corporate hubs that have entered the environment.
Even with its many and undeniable changes, however, Williamsburg remains an arts-friendly community, particularly with regard to music and literature. While DIY spaces have come and gone, certain staples have persisted to become institutions that still provide a place for up and coming musicians to perform. On the literary front, long-standing indie bookstores like Spoonbill and Sugartown and Book Thug Nation have paved the way for others to cross the river, namely McNally Jackson Books.
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: 72788TH
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