Updated 6 years ago
Sold
94 Wilson Ave
Bushwick, Brooklyn | Jefferson Street & Troutman Street
13 Rooms8 Beds3 Baths3,840 Square FeetMulti-Family
$1,975,000
floors / apts3 / 2
Lot Size20'x60'
Built Size20'x48'
ZoneR6
Building TypeLow-Rise
RE Taxes$3,865
Price Per SF
$514
This property was sold for $1,975,000 on 02/26/20.
Building Amenities
- Video Intercom
- Garage
Property Description for 94 Wilson Ave
PROPERTY DESCRIPTIONIncrease your commercial power with this newly renovated, multi-purpose building whose structural layout was specially designed to accommodate both a unified or diversified vision of commercial investment. Located on a corner lot directly in the epicenter of the booming Bushwick cultural scene, intersecting Wilson Avenue and Troutman Street.This beautiful building contains a 1000 sq. ft. ground floor commercial corner space with a 20' of frontage and an additional 600 sq. ft. of commercial space attached.Double your investment's income with the second and third floor residential unit:Second floor four-bedroom, two bath, 1200 sq. ft.Third floor four-bedroom, two bath 1000 sq. ft.Surrounded by Bushwick's iconic destinations such as Maite, Le Garage, Little Skips, Archie's Pizza, Guacuco, Juno, Tutu's Bossa Nova and many more. Located just one block from Maria Hernandez Park, three blocks to Jefferson L train and Central Ave M train. Excellent Investment opportunity in the hottest part of Bushwick with potential income of 13,700$ a month.CAPITALIZATION RATE AND VALUATIONProperty Valuation (Market Determined): $2,400,000Cap rate: 5.00%Property Type: RetailProperty Sub-type: Storefront Retail / ResidentialLot Size: 0.03 ACGross Leasable Area: 3,840 Sq. Ft.Number of Stories: 3N. of Units: 3 with the possibility of converting attached ground unit into a separate entity.Building Class: CYear Built: 1899Parking Ratio: 0.52/1,000 Sq. Ft.Zoning Description: R6APN / Parcel ID: 03173-0036Occupancy Rate: 100%Current Occupancy: VacantWalk Score: 98 (Walker's Paradise)Transit Score: 89 (Excellent Transit)Sale Type: Investment or Owner Use
Listing History for 94 Wilson Ave
Now
02/26/2020
$1,975,000
Sold and Closed by Irina Sher
Douglas Elliman
2020
Building Details for 94 Wilson Ave
OwnershipMulti-Family
Building TypeLow-Rise
Service LevelVideo Intercom
AgePre-War
AccessWalk-up
Year Built1899
Floors/Apts3/2
Transit and Citi Bike
Subway
Central Av
0.27 miles
Morgan Av
0.42 miles
Jefferson St
0.43 miles
Knickerbocker Av
0.47 miles
Citi Bike
Wilson Ave & Troutman St
0.02 miles
Central Ave & Starr St
0.12 miles
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: 55009TH
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