$1,995,000
Updated 5 years ago
Off Market

1007 Willoughby Ave

Bushwick, Brooklyn | Evergreen Ave & Central Ave

12 Rooms9 Beds5 Baths3,534 Square FeetMulti-Family

$1,995,000
floors / apts4 / 3
Lot Size25'x79'
Built Size25'x47'
ZoneR6
Building TypeHouse
RE Taxes$11,628
Price Per SF
$565

Building Amenities

  • Voice Intercom

Property Description for 1007 Willoughby Ave

Wonderful three family investment opportunity in one of the fastest growing areas of Bushwick that is conveniently located next to the J, Z, and M trains with a 5.2% cap rate. Ground up development, built in 2010, 1007 Willoughby Avenue is a fully occupied, free market tenants, three unit building, approximately 3,534 square feet of interior space with additional air rights. Finding a tenant in a thriving neighborhood will hardly be an issue given the many transportation alternatives, restaurants, bars and local shops. Building setup: Building dimensions: 25’ x 47’ Interior Square Footage: 3,534 approx. sqft Lot size: 25’ x 79.5’ Unit configuration 1 - 3 Bedroom / 1.5 bathrooms 2 - 3 Bedroom / 2 bathrooms 3 - 3 Bedroom / 2 bathrooms Full setup upon request.

Listing History for 1007 Willoughby Ave

Now
11/03/2021
TOM by Rotem Lindenberg
Compass
08/10/2021
$1,995,000
Initial Price by Rotem Lindenberg
Compass

Building Details for 1007 Willoughby Ave

OwnershipMulti-Family
Building TypeHouse
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built2009
Floors/Apts4/3
Learn More About the Building

Transit and Citi Bike

Subway

Central Av
0.12 miles
Myrtle Av
0.38 miles
Kosciuszko St
0.4 miles
Knickerbocker Av
0.49 miles

Citi Bike

Central Ave & Starr St
0.07 miles
Willoughby Ave & Myrtle Ave
0.15 miles

Contact Agents

Contact Agents

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: 81863TH