$2,350,000
Updated 5 years ago
Off Market

1639 Broadway

Bushwick, Brooklyn | Eldert Street & Covert Street

25 Rooms12 Beds6 Baths7,300 Square FeetIncome Property

$2,350,000
floors / apts4 / 6
Lot Size25'x88'8"
Built Size25'x69'
ZoneC8-2
Building TypeLow-Rise
RE Taxes$30,821
Price Per SF
$322

Listing Features

  • Gas Heat

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom
  • Outdoor Parking

Property Description for 1639 Broadway

On the border of Bed-Stuy and Bushwick, this fantastic acquisition opportunity is in a HOT location for a variety of investor interests! This 6-family + store, with a bonafide C-of-O provides reliable cash-flow with a variety of potential in years to come. Built 4 stories tall with a beautifully classic stone and brick faade, this asset offers a stable, pre-COVID retail tenant (currently in year 2 of 8), with six (6) floor-through apartments. TRAINS: Halsey J/M/Z train (2 minutes) -- C and L trains (10 minutes). Little Skips Caf and a variety of vibrant neighborhood establishments immediately next door! Supermarket, parks and tons of art all within minutes.

Built: 25x70 (retail is 25x90) Lot: 25x90 Zoning: C8-2 DHCR filed for 2019. Call or email with any questions!

Listing History for 1639 Broadway

Now
05/16/2021
Expired by Katherine Friedman
Brown Harris Stevens Residential Sales LLC
2021

Building Details for 1639 Broadway

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts4/6
Learn More About the Building

Transit and Citi Bike

Subway

Halsey St
0.17 miles
Chauncey St
0.24 miles
Bushwick Av-Aberdeen St
0.48 miles
Rockaway Av
0.48 miles

Citi Bike

Thomas S. Boyland St & Macon St
0.06 miles
Halsey St & Broadway
0.1 miles

Contact Agents

Contact Agents

Katherine Friedman
Brown Harris Stevens
Justin Zucker
Brown Harris Stevens

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: 49380TH