Updated 3 days ago
Bushwick, Brooklyn | Broadway & Bushwick Ave
15 Rooms7 Beds4 Baths3,808 Square FeetMulti-Family

$1,599,999
floors / apts2 / 3
Lot Size16'x70'3"
Built Size16'x34'
ZoneR6
Building TypeTownhouse
RE Taxes$2,420
Price Per SF
$420

Outdoor space and views

  • Balcony
  • Garden

Building Amenities

  • Voice Intercom

Property Description

Welcome to 1442 Bushwick Ave & 668 Chauncey- a unique investment opportunity located in the heart of Bushwick, Brooklyn. This package sale consists of two properties on the same tax lot, totaling $2.5M. IT CAN NOT BE SOLD SEPARATELY. -1442 Bushwick Avenue is a 3-level home built in 1899, 16'x34', sitting on its lot of 16x70'4". This property offers an excellent opportunity to either have a charming single-family home, convert it into an owner's duplex and generate income, or convert it into three rental units. - 668 Chauncey St is a 3-story property sitting on a large 18'x100' with a large ground floor 1BR which could be converted into a duplex with a finished basement. The two remaining units in the building include large three-bedroom apartments—kitchen and bathroom on each floor. There are six free-market residential units with three units in each property. It is 100% occupied with tenants paying below market value. This package is an excellent acquisition for an investor looking to add long-term value.

Listing History

Now
09/18/2022
$1,599,999
Initial Price by Joseph Henry
Compass
Launch

Building Details

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1899
Floors/Apts2/3
Learn More About the Building

Contact Agents

Contact Agents

Licensed As
Joseph Henry Rodriguez
Salesperson
License#:
10401344161
Company:
Compass
View this property on the company's website

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: 87975TH