$1,995,000
Updated 5 years ago
Sold

296 Linden Street

Bushwick, Brooklyn | Knickerbocker Ave & Irving Ave

23 Rooms12 Beds6 Baths3,500 Square FeetMulti-Family

$1,995,000
floors / apts3 / 3
Lot Size19'x74'
Built Size19'x50'
ZoneR6
Building TypeHouse
RE Taxes$3,072
Price Per SF
$570

This property was sold for $1,995,000 on 03/18/21.

Property Description for 296 Linden Street

Just listed on the Bushwick - Ridgewood corridor. Amazing location with sound potential for investor and end user alike offering flexible set up possibilities. Pre-war, fully tenanted 3 family (100% FREE MARKET) with r6 zoning offering a 6%+ cap rate, located mere seconds away from Myrtle / Wyckoff L and M trains. Total interior square footage is approximately 3500 square feet. Features include exposed brick, hardwood flooring, and hvac central ac and heat. Fully tenanted with leases but can be delivered vacant in whole or in part. Taxes $3071 annually / $256 monthly. Monthly rent roll $11,125. Set up as follows:


Unit 1 - 4 bed, 2 bath duplex - $3,775 Unit 2 - 4 bed, 2 bath - $3625 Unit 3 - 4 bed, 2 bath - $3725


Inquire for detailed information on expenses and requests to show.

Listing History for 296 Linden Street

Now
03/18/2021
$1,995,000
Sold and Closed by Franco Rinaldi
Compass
2021

Building Details for 296 Linden Street

OwnershipMulti-Family
Building TypeHouse
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts3/3
Learn More About the Building

Transit and Citi Bike

Subway

Myrtle-Wyckoff Avs
0.14 miles
Knickerbocker Av
0.27 miles
DeKalb Av
0.44 miles
Seneca Av
0.48 miles

Citi Bike

Myrtle Ave & Grove St
0.07 miles
Linden St & Knickerbocker Ave
0.09 miles

Contact Agent

Contact Agent

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: 77803TH