$1,279,000
Updated 7 years ago
Off Market

997 Hart Street

Bushwick, Brooklyn | Wyckoff Ave & Saint Nicholas Ave

5 Rooms6 Beds3.5 Baths3,420 Square FeetMulti-Family

$1,279,000
floors / apts2 / 2
Lot Size20'x100'
Built Size20'x57'
ZoneR6
Building TypeTownhouse
RE Taxes$4,116
Price Per SF
$374

Outdoor space and views

  • Backyard
  • Terrace

Property Description for 997 Hart Street

Douglas Elliman Real Estate are delighted to bring to the market this impeccable, turn key 2 family investment opportunity located at 997 Hart Street.This property was upgraded & brought back to life by fully renovating 2 floors of the house with stainless steel appliances, & granite countertops. Bringing a whole new layout & floor plan with open garden terrace.

Ideal building & lot size of 20 x 57 on 100, with an additional 1400 of square feet of FAR left to develop.

Bushwick has grown at an exceptional rate on both gentrification & property appreciation value in just the last 2 years alone, more than any other Brooklyn neighborhood.

Many of the original Williamsburg founding residents have air lifted the selves into Bushwick, creating a very cool, mecca, industrial vibe, already considered the next new hot spot to live.

If there was ever a time & place to invest your money, this is it.

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Clean & tidy deal with no outstanding violations or liens on the property. Full set up with rent rolls & expenses in the pictures br>
At asking price its a full 5.2% CAP rate return. We welcome both experienced & 1st time investors to get in touch.

Listing History for 997 Hart Street

Now
01/07/2020
POM by Gerard Smith
Douglas Elliman
2020

Building Details for 997 Hart Street

OwnershipMulti-Family
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts2/2
Learn More About the Building

Transit and Citi Bike

Subway

DeKalb Av
0.13 miles
Jefferson St
0.19 miles
Knickerbocker Av
0.47 miles

Citi Bike

Hart St & Wyckoff Ave
0.05 miles
Suydam St & St Nicholas Ave
0.06 miles

Contact Agent

Contact Agent

Gerard Smith
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: 74412TH