Updated 20 hours ago
Bushwick, Brooklyn | Knickerbocker Ave & Irving Ave
16 Rooms14 Beds6 Baths5,355 Square FeetMulti-Family

$1,650,000
floors / apts3 / 6
Lot Size26'x100'
Built Size26'x68'
ZoneR6
Building TypeHouse
RE Taxes$8,466
Price Per SF
$308

Property Description

Great Investment with great Cape 6.2% Awesome opportunity for an investor, Huge Building, Charming Brick good condition from inside and outside. 6 Family for Sale, the Extra large Brick Building Located at 1400 Putnam Ave Bushwick Brooklyn NY 11237. Bedrooms are well maintained, Approx Each Unit 900 sqft Building Size 26.25x68 Building sqft 5355 Lot Size 26.25x100 Yearly Net Income $103,500 This 6 family offering 16 Bedrooms. some are private and some are Railroad Style 6 Bathrooms High Ceiling. Lots of windows, Cement Basement. Recreation area. The basement Ceiling is also a pretty good size. Yard access from the basement. Nearby L M trains station which is Myrtle/Wyckoff Ave and lots of buses available.

Listing History

Now
11/10/2021
$1,650,000
Initial Price by Faisal Hussain
Douglas Elliman
Launch

Building Details

OwnershipMulti-Family
Building TypeHouse
AgePre-War
AccessWalk-up
Year Built1909
Floors/Apts3/6
Learn More About the Building

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: 82630TH