$1,800,000
Updated 5 years ago
Off Market

185 Menahan Street

Bushwick, Brooklyn | Wilson Ave & Knickerbocker Ave

24 Rooms12 Beds6 Baths4,875 Square FeetIncome Property

$1,800,000
floors / apts3 / 6
Lot Size25'x100'
Built Size25'x65'
ZoneR6
Building TypeLow-Rise
RE Taxes$7,826
Price Per SF
$369

Property Description for 185 Menahan Street

Prime Bushwick Investment opportunity. 6 free market multifamily for sale to add to your investment portfolio. This massive property is the one you've been waiting on the sidelines for. Sits on a 25 feet x 100 foot lot. The building itself is 25 feet x 65 feet. The Property will be delivered with tenants in place but the owners units will be delivered vacant. Good Bones and Mechanicals for an investor to renovate each unit. Current Rent roll: Unit 1L $1850 Unit 2L $1124 Unit 3L Owners Unit Unit 1R $1750 Unit 2R $1020 Unit 3R $1500 Showings require a pre approval letter or proof of funds as well as Covid-19 forms. Owners unit, basement and roof will be ONLY allowed to see at the property. Buyers are responsible for their own due diligence.

Listing History for 185 Menahan Street

Now
09/18/2020
$1,800,000
Initial Price by Roy Guevara
Compass
Launch

Building Details for 185 Menahan Street

OwnershipIncome Property
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts3/6
Learn More About the Building

Transit and Citi Bike

Subway

Knickerbocker Av
0.13 miles
Myrtle-Wyckoff Avs
0.35 miles
DeKalb Av
0.47 miles
Central Av
0.48 miles

Citi Bike

Greene Ave & Myrtle Ave
0.11 miles
Menahan St & Central Ave
0.13 miles

Contact Agents

Contact Agents

Riva Zheng
Compass

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: 79699TH