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264 Jefferson St., Brooklyn, NY 11237

$1,750,000
Active Listing
Listing Details:
$1,750,000 Price
Single-Family Townhouse Property Type
Bushwick Neighborhood
7 Beds
7 Baths
5,434 Approx. Sq. Ft.
$587 RET
Key Features:
Description:

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 courtesy of The Corcoran Group

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