Updated 6 years ago
In contract

130 Woodbine Street

Bushwick, Brooklyn | Evergreen Ave & Central Ave

18 Rooms10 Beds5 Baths3,354 Square FeetMulti-Family

$1,498,000
floors / apts2 / 4
Lot Size25'x100'
Built Size25'x67'
ZoneR6
Building TypeLow-Rise
RE Taxes$19,692
Price Per SF
$447

Property Description for 130 Woodbine Street

The subject property is built as a 25' x 67', two story incoming generating building comprised of four apartments and an oversized finished basement with a separate entrance.

The lot is 25' X 100'. The building has a total square footage of approximately 3,354'.

Located on Woodbine Street a beautiful tree-lined block between Central Avenue and Evergreen Avenue in the Bushwick section of Brooklyn.

Currently configured as a legal four-family dwelling, there's no end to the possibilities for this desired investment opportunity.

This property is being conveyed with an extraordinary, approximate 2,725' of air rights.

There are 2 Three Bedroom Apartments

There are 2 Two Bedroom Apartments

All the Leases are scheduled to expire within 7-9 months

All the apartments have separate boilers & hot water heaters.

Built in 2005

Kept in immaculate condition

Laundry in building

Additional features: overhead lighting throughout and stripped hardwood flooring

Actual Rent Roll:

Unit 1F – $2,000 (Market rate $2200)

Unit 1R – To Be Delivered Vacant ($2600 Projected)

Unit 2F – $2,000 (Market rate $2200)

Unit 2R – $1700 (Market rate $2600)

Yearly Expenses: (Estimated)

Taxes: $19,694

Water/Sewer = $6,000

Insurance = $1,500

Electric = $2,000

Building Details for 130 Woodbine Street

OwnershipMulti-Family
Building TypeLow-Rise
AgePost-War
AccessWalk-up
Year Built2005
Floors/Apts2/4
Learn More About the Building

Transit and Citi Bike

Subway

Gates Av
0.34 miles
Halsey St
0.4 miles
Knickerbocker Av
0.48 miles

Citi Bike

Central Ave & Woodbine St
0.07 miles
Madison St & Evergreen Ave
0.07 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: 74994TH