$1,285,000
Updated 4 years ago
Sold

82 Bushwick Ave

East Williamsburg, Brooklyn | Powers Street & Grand Street

16 Rooms5 Beds4 Baths2,506 Square FeetMulti-Family

$1,285,000
floors / apts3 / 2
Lot Size21'8"x60'8"
Built Size21'x30'
ZoneR7A
Building TypeTownhouse
RE Taxes$3,862
Price Per SF
$513

This property was sold for $1,285,000 on 09/21/22.

Building Amenities

  • Garden

Property Description for 82 Bushwick Ave

Prime investment opportunity in Williamsburg! 82 Bushwick Avenue is situated in a prime location with Citi Bike and the Grand L stop right outside the front door. Property needs gut renovation to reach its maximal potential. Currently tenant occupied, will be delivered vacant and closing can be as soon as July 26 or later.

Lot Size: 21.75 ft x 60.75 ft

R7A Zoning

Buildable Square Footage: 5,284 sqft

Would be an amazing single family townhome in prime Williamsburg, a two family with a triplex and rooftop lounge atop of a garden 1 or 2 bedroom, but most profitable would be developing into a 4 family rental building by adding a floor and creating two 2 bedroom and two 1 bedroom units.

Purchase price + estimated construction costs & prospective rents equates to a 6% or 7% cap rate, which is many real estate investor's dream!

Located in prime Williamsburg, this location is unmatched. Experience the incredible artistic vibe and ever-transient environment of one of the most talked about neighborhoods on Earth! So many unique and amazing bars, restaurants, nightlife, and boutique shops steps away from this house, as well as some of the most ground-breaking new fitness facilities in the entire NYC Metro; this address is like no other.

*Needs proper renovation and has significant air rights to maximize profitability. Advertised square footage is estimated and includes basement. Property data and prospective pro-forma available upon request.

**Selling in as-is condition.

Building Details for 82 Bushwick Ave

OwnershipMulti-Family
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1901
Floors/Apts3/2
Learn More About the Building

Transit and Citi Bike

Subway

Grand St
0.04 miles
Graham Av
0.22 miles
Montrose Av
0.33 miles
Lorimer St
0.5 miles

Citi Bike

Bushwick Ave & Powers St
0.01 miles
Powers St & Olive St
0.13 miles

Contact Agent

Contact Agent

Licensed As
Colin Roy
Salesperson
License#:
10401291202
Company:
Nest Seekers International
Colin Roy
Nest Seekers International

East Williamsburg | Brooklyn

Quick Profile

East Williamsburg is a mixed industrial neighborhood in Brooklyn, with many working factories that make everything from beer and wontons to clothing and concrete. You are likely to hear screeching, pounding and the deep thump of industrial machinery throughout the day. East Williamsburg has become a haven for artists and musicians of every description, who are attracted to the large open loft spaces of the converted industrial buildings. The area has attracted a younger crowd of 20- and 30-somethings that are drawn by affordable rents and a generally lower cost of living.

There is a rich history of immigrants from Puerto Rico and Italy, and oddly enough, they chose to settle on opposite ends of Graham Avenue, with the Italians on the north and the Puerto Ricans on the south.

Housing in the area consists of mid-rise apartment buildings, row houses, and public housing complexes. There are also smaller multi-family apartment buildings available. Lofts are becoming more prevalent as the older, abandoned factory buildings come up for sale and are converted into residential properties. 

East Williamsburgfairly pulses with a creative vibe. There are unique shopping venues, numerous tiny coffee shops, interesting restaurants, and cafes, along with food trucks that frequent the area. The grocery stores are affordable and carry a wide variety of goods that appeal to the eclectic tastes of the neighborhood residents.

There is a vibrant bar scene, where you will find mostly local residents imbibing, so it is easy to make friends among your neighbors if you stop in frequently at your favorite watering hole. There are many interesting shops, bars and restaurants tucked in amongst the warehouses and factories. Many do not invest in elaborate signage, so it can be difficult to find some of the best spots. Keep an eye out for hand-painted signs on the sides of buildings with arrows pointing to nondescript, nearly invisible entrances.

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: 86155TH