$1,750,000
Updated 4 years ago
Off Market

264 Jefferson Street

Bushwick, Brooklyn | Wilson Ave & Knickerbocker Ave

4,125 Square FeetIncome Property

$1,750,000
floors / apts3 / 7
Lot Size25'x100'
Built Size25'x55'
ZoneR6
Building TypeLow-Rise
RE Taxes$7,047
Price Per SF
$424

Property Description for 264 Jefferson Street

Introducing 264 Jefferson St, upgraded 7 unit building in heart of Bushwick in its Busiest Retail & Residential Corridors. Extraordinary opportunity for new ownership to add a stable asset to their portfolio, re-position the existing building to maximize income by utilizing the extra FAR or develop a full mixed-use project possibilities in the future.Existing Building & Property Features: Current Zoning is R6, C1-3, set on a 25' X 100' lot, the existing 3-story masonry building approx. 5,434SF total building size was recently upgraded in 2021 with a new CO including splitting existing unit into two brand new studios for additional income fully approved, gut renovated kitchen & bathrooms, new intercom system, new electrical, masonry work, and more.

It currently consists of seven income-producing units: The full basement is currently underutilized and can converted into common space for the tenants in the form of laundry, storage, bike storage and even fitness amenities.A bustling location right on Jefferson St with ever expanding restaurants, bars, coffee shops, galleries, grocery stores, shopping, supermarkets. Walk to the L subway line on Jefferson St & Morgan Ave or take the M subway line on Central Ave, take a stroll at multiple parks including Maria Hernandez Park nearby. Easy access to the Brooklyn-Queens expressway.

Listing History for 264 Jefferson Street

Now
09/26/2022
TOM by Donald Lai
Corcoran
04/19/2022
$1,750,000
Initial Price by Donald Lai
Corcoran

Building Details for 264 Jefferson Street

OwnershipIncome Property
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts3/7
Learn More About the Building

Transit and Citi Bike

Subway

Jefferson St
0.32 miles
Central Av
0.37 miles
Morgan Av
0.38 miles
DeKalb Av
0.45 miles
Knickerbocker Av
0.5 miles

Citi Bike

Knickerbocker Ave & George St
0.11 miles
Wilson Ave & Troutman St
0.11 miles

Contact Agents

Contact Agents

Donald Lai
Corcoran
Nathan Xiang
Corcoran

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: 85096TH