$1,975,000
Updated 12 years ago
Sold
686 Willoughby Ave
Bedford Stuyvesant, Brooklyn | Throop Ave & Marcus Garvey Blvd
Multi-Family
$1,975,000
floors / apts3 / 9
Lot Size60'x100'
Built Size40'x50'
ZoneR6
Building TypeTownhouse
This property was sold for $1,800,000 on 04/17/13.
Building Amenities
- Voice Intercom
Property Description for 686 Willoughby Ave
Rare opportunity to purchase a package of three, newly constructed 3-family buildings in a dynamic part of NW Bedford-Stuyvesant. The property, which is surrounded by new development, is walking distance to Pratt Institute, 3 blocks from the G train station and 5 blocks from the city-bound J/M/Z train station along Myrtle Avenue.
The package includes 9 residential units with parking to the front of the property, as well as deck with garden space to the rear. Ground floor units include finished basement space. All units are separately metered for electric and heat with tenants paying their own utilities. This package offers attractive returns to an investor today with clear condo conversion potential down the line.
The package includes 9 residential units with parking to the front of the property, as well as deck with garden space to the rear. Ground floor units include finished basement space. All units are separately metered for electric and heat with tenants paying their own utilities. This package offers attractive returns to an investor today with clear condo conversion potential down the line.
Listing History for 686 Willoughby Ave
Now
05/02/2013
$1,800,000
Sold and Closed by Michael Amirkhanian
Cushman & Wakefield
2013
Building Details for 686 Willoughby Ave
OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AccessWalk-up
Year Built1899
Floors/Apts3/9
Transit and Citi Bike
Subway
Myrtle Av
0.38 miles
Myrtle-Willoughby Avs
0.38 miles
Flushing Av
0.4 miles
Citi Bike
Pulaski St & Throop Ave
0.12 miles
Pulaski St & Marcus Garvey Blvd
0.13 miles
Bedford Stuyvesant | Brooklyn
Quick Profile
Known for its historic brownstones and tight-knit enclave, Bed-Stuy has increasingly left behind its early reputation for being a “bedroom community” and transcended into a highly desirable neighborhood.
Distinct for its aesthetic, it is populated with ornate buildings characterized by cornices, friezes, finials, fluting and other marks of classic architecture. Built up during the period from 1870 to 1900, its historic district runs to the north of Jefferson Avenue, to the east of Malcolm X Boulevard and to the west of Tompkins Avenue.
At one point known as “Brooklyn’s Little Harlem,” the shape of the area has shifted toward attracting a wider demographic of people thanks to the influx of bars, restaurants, antique furniture stores and vintage boutiques. More police enforcement paired with the decline of the crack epidemic at the beginning of the 2000s also opened the door for increased development, as well as the occupation of formerly abandoned buildings and spaces.
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: 40029TH
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