$2,950,000 $3,100,000
Updated 6 years ago
Off Market

550 Hart Street

Bushwick, Brooklyn | Bushwick Ave & Evergreen Ave

14 Rooms11 Beds6 Baths5,250 Square FeetMulti-Family

$2,950,000 $3,100,000
floors / apts4 / 4
Lot Size25'x97'5"
Built Size25'x70'
ZoneR6
Building TypeTownhouse
RE Taxes$10,228
Price Per SF
$562

Outdoor space and views

  • Garden

Property Description for 550 Hart Street

Nest Seekers International;The Global Real Estate Powerhouse, has been retained to facilitate the sale of 550 Hart Street, Brooklyn, NY 11221 which is set up currently as a Legal 4 family residential walk-up building, but could potentially be built to suit such as a Legal-6 Unit 6-story building for example as shown in the rendering. The building will be delivered vacant and is located at one of Brooklyn's fastest growing neighborhood, Bushwick, this property offers an investor or savy home buyer a great opportunity. The area offers easy access to transportation, great schools, shopping and dining at your fingertips. The lot is situated in a beautiful tree-lined neighborhood. It's an amazing development opportunity and the building will be marketed as a Re-Development or a Gut Renovation opportunity. The building sits on a lot of 25’ x 97.5’ and the buildings dimensions are currently 25’ x 70’ which gives you a lucrative rental opportunity. This Redevelopment has huge potential with R6 zoning and of Max Res. FAR 2.43. It's an incredible opportunity to establish an immediate foothold in Bushwick BK. This up-and-coming neighborhood offers trendy bars and night life, as well as family friendly parks and attractions. It's a bike ride away from both Williamsburg Bridge andForest Park. Less than a 5 minute walk to the M train, the B38 and the B54 buses. Be in Midtown Manhattan in 30 minutes!

Rent roll:
3rd floor 4200
2nd floor 4700
1st floor 3300
basement 1500

Video Walkthrough


Listing History for 550 Hart Street

Now
04/28/2020
$2,950,000 [-$150,000] [4.8%]
Price Drop by Alexander Goldenberg
Nest Seekers International
03/27/2020
New Agency by Alexander Goldenberg
Nest Seekers International

Building Details for 550 Hart Street

OwnershipMulti-Family
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts4/4
Learn More About the Building

Transit and Citi Bike

Subway

Central Av
0.14 miles
Kosciuszko St
0.22 miles
Myrtle Av
0.33 miles

Citi Bike

Cedar St & Evergreen Ave
0.07 miles
Willoughby Ave & Myrtle Ave
0.11 miles

Contact Agents

Contact Agents

Alexander Goldenberg
Nest Seekers International
Ravi Gulivindala
Nest Seekers International
David Ashurov
Nest Seekers International

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: 61849TH