$3,500,000
Updated 4 years ago
Sold

32 Bushwick Ave

East Williamsburg, Brooklyn | Devoe Street & Ainslie Street

15 Rooms5 Beds3 Baths2,931 Square FeetMulti-Family

$3,500,000
floors / apts3 / 3
Lot Size25'x86'
Built Size25'x35'
ZoneR7A
Building TypeTownhouse
RE Taxes$4,896
Price Per SF
$1,194

This property was sold for $3,100,000 on 05/03/22.

Outdoor space and views

  • Garden

Property Description for 32 Bushwick Ave

Introducing 32 Bushwick Avenue-Prime Williamsburg Development Site Currently consisting of a 2,931 sqft 3 family house with full basement that can easily be renovated and left as an income producing property, this site offers a multitude of options for investors looking to capitalize on the once again booming Williamsburg real estate market. The R7A residential zoning of 32 Bushwick Ave provides for a considerable amount of buildable square footage, with or without the additional purchase of IH certificates to build to the bonus IH FAR. In the heart of old-school Williamsburg this site is ideally located in the middle of the Graham & Grand L stops surrounded by all the best neighborhood restaurants, cafes, grocery stores, bars, etc. You cannot beat this location. Full development potential info (buyer must verify all information with their architect/engineer): As of Right Buildable SqFt=7,714.2 (IH 3.45 FAR) As of Right Buildable SqFt With Purchase of IH Certificates=10,285.6 (4.6 IH Bonus FAR) 25.75 x 92.5 (Slightly Irregular Lot) 2,236 Lot SqFt Full Zoning Analysis Coming Soon Reach out with any questions or to receive the offering memorandum or zoning analysis once available.

Listing History for 32 Bushwick Ave

Now
05/03/2022
$3,100,000
Sold and Closed by Paula Manna
Compass
2022

Building Details for 32 Bushwick Ave

OwnershipMulti-Family
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1901
Floors/Apts3/3
Learn More About the Building

Transit and Citi Bike

Subway

Graham Av
0.13 miles
Grand St
0.14 miles
Montrose Av
0.43 miles
Lorimer St
0.44 miles

Citi Bike

Bushwick Ave & Powers St
0.1 miles
Powers St & Olive St
0.16 miles

Contact Agent

Contact Agent

East Williamsburg | Brooklyn

Quick Profile

East Williamsburg is a mixed industrial neighborhood in Brooklyn, with many working factories that make everything from beer and wontons to clothing and concrete. You are likely to hear screeching, pounding and the deep thump of industrial machinery throughout the day. East Williamsburg has become a haven for artists and musicians of every description, who are attracted to the large open loft spaces of the converted industrial buildings. The area has attracted a younger crowd of 20- and 30-somethings that are drawn by affordable rents and a generally lower cost of living.

There is a rich history of immigrants from Puerto Rico and Italy, and oddly enough, they chose to settle on opposite ends of Graham Avenue, with the Italians on the north and the Puerto Ricans on the south.

Housing in the area consists of mid-rise apartment buildings, row houses, and public housing complexes. There are also smaller multi-family apartment buildings available. Lofts are becoming more prevalent as the older, abandoned factory buildings come up for sale and are converted into residential properties. 

East Williamsburgfairly pulses with a creative vibe. There are unique shopping venues, numerous tiny coffee shops, interesting restaurants, and cafes, along with food trucks that frequent the area. The grocery stores are affordable and carry a wide variety of goods that appeal to the eclectic tastes of the neighborhood residents.

There is a vibrant bar scene, where you will find mostly local residents imbibing, so it is easy to make friends among your neighbors if you stop in frequently at your favorite watering hole. There are many interesting shops, bars and restaurants tucked in amongst the warehouses and factories. Many do not invest in elaborate signage, so it can be difficult to find some of the best spots. Keep an eye out for hand-painted signs on the sides of buildings with arrows pointing to nondescript, nearly invisible entrances.

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: 81788TH