$1,460,000
Updated 4 years ago
Sold

315 Woodbine Street

Bushwick, Brooklyn | Knickerbocker Ave & Irving Ave

10 Rooms6 Beds4 Baths3,200 Square FeetMulti-Family

$1,460,000
floors / apts2 / 4
Lot Size24'x100'
Built Size20'x80'
ZoneR6
Building TypeHouse
RE Taxes$9,212
Price Per SF
$456

This property was sold for $1,460,000 on 05/31/22.

Property Description for 315 Woodbine Street

Fantastic opportunity to purchase this brick 4-unit multi-family apartment building. All units are free market. The building consists of (2) 2-bedroom apartments, (2)1-bedroom apartments.
The building is 3200 sq ft can be expanded to over 6,034 with a total of 8-10 apartment units on 5 floors, Tremendous value-add property.

Roof is in great condition, water tank is only 3 years old, furnace 8 years old. The Three-bedroom unit has no lease. Welcoming offers!

-Rent Roll 88K/YR
-Expenses $22,900/YR
-The NOI is 56K/YR



Woodbine St bounded by Myrtle-Wyckoff Street is an up and coming neighborhood of increasing beauty and convenient location. This area of old New York is being revitalized by newer construction.
Besides being close to restaurants and bars it’s also near the hustle and bustle that is Williamsburg. In addition, it’s a short distance from the serenity of Maria Hernandez park.

Sea Wolf, Bunna Cafe, Area 53 Adventure Park, Roberta’s, Carmelos, Myrtle-Wyckoff Station and more!

Building Details for 315 Woodbine Street

OwnershipMulti-Family
Building TypeHouse
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts2/4
Learn More About the Building

Contact Agent

Contact Agent

Devon Benedict
FIND Real Estate

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: 83020TH