98-100 Bushwick Ave - Apartments FOR SALE


Brooklyn, NY 11206- Williamsburg
$7,200,000 USD
512-909-7314
98-100 Bushwick Ave, Brooklyn, NY for Sale
$7,200,000 USD
Apartments - FOR SALE
1/3
null | 4.44% Cap Rate

98-100 Bushwick Ave
Brooklyn, NY 11206
Williamsburg


OVERVIEW

98-102 Bushwick Avenue is a corner mixed-use investment and development opportunity in prime Williamsburg, Brooklyn, featuring eight residential units, multiple retail storefronts, and approximately 11,312 buildable square feet under existing C4-4A/R7A-equivalent zoning. The property generates current NOI of approximately $319,581 with significant upside through rent growth, commercial repositioning, and the utilization of approximately 4,016 square feet of remaining development rights. Located steps from the Grand Street L train station and within MIH, FRESH, and Transit Zones, the asset offers investors and developers a rare combination of stable cash flow, value-add potential, and long-term redevelopment upside.

FOR SALE DETAILS

PRICE

$7,200,000 USD

PRICE/SF

$987 USD /SF

# OF UNITS

12

PRICE/UNIT

$600,000

CAP RATE

4.44%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R6

APN/PARCEL ID

02790-0022

ASK ABOUT THIS PROPERTY

Michael CavinessBrick & MortarMore Info
512-909-7314

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Michael CavinessBrick & MortarMore Info
512-909-7314

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.