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439 Bushwick Ave., Brooklyn, NY 11206

$1,099,000
Listing Details:
$1,099,000 Price
Townhouse Property Type
East Williamsburg Neighborhood
-- Beds
0 Baths
-- Approx. Sq. Ft.
$276 RET
Key Features:
Prewar
Unit Garden
Description:

This one of a kind, mixed use building is located in East Williamsburg and represents a potential dream opportunity for an owner/proprietor to utilize a live/work option. The building contains 2 units which are currently operated as a church on the ground floor, commercial space and a roomy, floor through apartment above. This sturdy, prewar brick building is built on a 20 FT x 75 FT lot with a building dimension of 20 FT x 72 FT on the ground floor and 20 FT x 55 FT on the second floor, yielding almost 2,540 SF, in addition to the basement. With a few initial improvements, this building could generate a good rent roll for a savvy investor in which to park their money and collect a steady return on their investment. This area of Williamsburg bordering Bushwick has seen an influx of both commercial and residential new development projects in recent years, and in fact more than any other area in all of NYC. A block away at 439 Bushwick Avenue, more than 200 residential units are currently in development, which is a testament to the future potential growth and appreciation anticipated for the area. The property is located a short distance from both the Flushing Ave JMZ and the Montrose Ave L train stations. Additionally, plenty of amenities abound such as Planet Fitness, Walgreens, and famed neighborhood locations such as Roberta's, Ichiran, Silent Barn and Syndicated Bar Theater Kitchen.

Listing courtesy of The Corcoran Group

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