$1,600,000
Updated 3 years ago
Off Market

234 Stanhope Street

Bushwick, Brooklyn | Knickerbocker Ave & Irving Ave

4,875 Square FeetMulti-Family

$1,600,000
floors / apts3 / 5
Lot Size25'x100'
Built Size25'x65'
ZoneR6
Building TypeHouse
RE Taxes$10,899
Price Per SF
$328

Property Description for 234 Stanhope Street

Huge six family 4875sqFt + basement 25×65 on 100 lot. Building has been well maintained 1200sqFt buildable up zoned R6. Prime Bushwick

1 studio two 2br three 3br – RR 9853 monthly – 118,236 RR yearly
electric 600, water 2500, tax 11,000, insurance 3500, gas 2400 = total expense 20,000 yearly
NOI 98,236

Property is delivered as-is 5/6 occupied

@teambluesale for more multifamilies in brooklyn

Listing History for 234 Stanhope Street

Now
01/08/2024
POM by Nathaniel J. Smith
Oxford Property Group
2024

Building Details for 234 Stanhope Street

OwnershipMulti-Family
Building TypeHouse
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts3/5
Learn More About the Building

Transit and Citi Bike

Subway

Knickerbocker Av
0.15 miles
DeKalb Av
0.21 miles
Myrtle-Wyckoff Avs
0.4 miles
Jefferson St
0.43 miles
Central Av
0.45 miles

Citi Bike

Irving Ave & Harman St
0.1 miles
Irving Ave & DeKalb Ave
0.14 miles

Contact Agent

Contact Agent

Nathaniel Smith
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: 88900TH