$1,100,000 $1,425,000
Updated a year ago
Off Market

1477 Bushwick Ave

Bushwick, Brooklyn | Pilling Street & Granite Street

12 Rooms6 Beds6 Baths4,725 Square FeetIncome Property

$1,100,000 $1,425,000
floors / apts3 / 6
Lot Size25'x90'
Built Size25'x63'
ZoneR6
Building TypeLow-Rise
RE Taxes$10,656
Price Per SF
$233

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom

Property Description for 1477 Bushwick Ave

This 25-foot wide Bushwick six-family rent-stabilized building currently delivers an immediate approximate capitalization rate of over 7% with room to grow to over 9% based on the legally registered rents. With six floor-through apartments and just two apartments per floor, tenants enjoy privacy and ease of access through two entries into each apartment. The entire full-height basement can be used for storage, laundry, recreation, or other additional revenue streams. It can be accessed through the building's common hall or via the private facade entrance in front of the building. The building also boasts a private 37-foot deep backyard that is not currently in use by any tenants and could provide ample revenue opportunities. 1477 Bushwick Avenue is located in the heart of Bushwick among shops, bars, and restaurants. The building is easily accessible via the L, J, and Z subway lines, multiple bus lines, and Citi Bike. *Please consult with your financial advisor regarding this investment opportunity.

Listing History for 1477 Bushwick Ave

Now
05/22/2025
$1,100,000 [-$325,000] [22.8%]
Price Drop by Elizabeth Kee
CORE
01/30/2025
$1,425,000
Initial Price by Elizabeth Kee
CORE

Building Details for 1477 Bushwick Ave

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1911
Floors/Apts3/6
Learn More About the Building

Transit and Citi Bike

Subway

Bushwick Av-Aberdeen St
0.11 miles
Chauncey St
0.17 miles
Broadway Junction
0.31 miles
Wilson Av
0.4 miles
Rockaway Av
0.43 miles

Citi Bike

Bushwick Ave & Furman Ave
0.07 miles
Moffat St & Bushwick
0.13 miles

Contact Agents

Contact Agents

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: 32487TH