$1,550,000
Updated 4 years ago
Sold

250 Stanhope Street

Bushwick, Brooklyn | Knickerbocker Ave & Irving Ave

12 Rooms6 Beds6 Baths4,650 Square FeetMulti-Family

$1,550,000
floors / apts3 / 6
Lot Size25'x100'
Built Size25'x62'
ZoneR6
Building TypeHouse
RE Taxes$8,060
Price Per SF
$333

This property was sold for $1,525,000 on 08/12/22.

Outdoor space and views

  • City Views

Property Description for 250 Stanhope Street

250 Stanhope Street is a unique six family three story building nestled in the heart of Bushwick on a lovely residential block that is steps from all of the action! Well maintained six 1BR 1Bath apts. Fully occupied with creative professional tenants who designed each space in their own unique way. This rent stabilized multifamily building is sitting on a lot size 25x100, building size 25x62, total of 4650 sf. Zoning is R6 with an unused FAR of 1425sf, which can potentially allow you to build up a whole floor. Great investment property at 6% cap return with rent income of approx. $115,000/yr. Please request setup for detailed numbers. Phenomenal neighborhood, centrally located, a few blocks away from the J,M&L trains and Maria Hernandez park. Walking distance to neighborhood Shops, Bars and Cafes.

Listing History for 250 Stanhope Street

Now
08/12/2022
$1,525,000
Sold and Closed by Sharon Cohen
Compass
04/04/2022
Contract Signed by Sharon Cohen
Compass

Building Details for 250 Stanhope Street

OwnershipMulti-Family
Building TypeHouse
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts3/6
Learn More About the Building

Transit and Citi Bike

Subway

DeKalb Av
0.17 miles
Knickerbocker Av
0.2 miles
Jefferson St
0.4 miles
Myrtle-Wyckoff Avs
0.4 miles
Central Av
0.49 miles

Citi Bike

Irving Ave & Harman St
0.09 miles
Irving Ave & DeKalb Ave
0.11 miles

Contact Agents

Contact Agents

Nat Bar
Compass

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: 83756TH