Listing Information
718.486.4429 | petersobrienteam.elliman.com
Peters - O'Brien Team
At Douglas Elliman Real Estate

733 Bushwick Avenue - Bushwick, New York

733 Bushwick Avenue - Bushwick, New York

 

A DOUGLAS ELLIMAN & PETERS/O'BRIEN TEAM EXCLUSIVE

733 Bushwick Ave. is a three (3) story multi-family investment property comprised of five free-market apartments configured as one-bedroom and two-bedroom (1BR & 2BR) units, with a three-bedroom (3BR) duplex on the ground level - combined bringing in approx. $147,000/yr from the existing rent roll. Located in prime Bushwick, Brooklyn, the building is approx. 4,320SF and has been recently updated with new electric, roof, boiler & plumbing. All units come stylishly remodeled with brand new kitchens, updated baths, hardwood floors, and washer/dryer in units. Delivered fully occupied with an actualized cap rate of 5.38% OR a net operating income (NOI) of $115,750/yr after expenses.

A sprawling neighborhood, Bushwick was once part of Brooklyn previously known as the beer capital of the U.S. in the late 1800's, with over 45 breweries in the area alone! This led to Bushwick Ave. being known as "Brewers' Row", where industry moguls built massive homes. Today, Bushwick is in the nexus of all things "hip" in North Brooklyn and has become known as an artists' enclave - with over 50 galleries and hundreds of artist's studios dotting the neighborhood. Beautiful street art dominates the landscape with some of the largest known names represented (Banksy, Shepard Fairey, ROA).

733 Bushwick Ave. is located only a few blocks from the J/M/Z trains and nearly 7 acres of outdoor park space at Maria Hernandez Park. Surrounded by galleries, restaurants, coffee shops, bars, & shopping along Myrtle and Broadway with nearby favorites like Roberta's, Tina's Place, Lucy's Vietnamese, Little Skips, Lone Wolf, Silent Barn, Little Mo, and Bossa Nova. Residents would swear that a new coffee shop or bar is popping up weekly! Please inquire for full setup.

This listing courtesy of Douglas Elliman

Property Details

733 Bushwick Avenue - Bushwick, New York

Price: $2,150,000

Neighborhood: Bushwick

Multi-Family

Pets Allowed

Monthly Real Estate Tax: $643

Approximate Sq. Feet: 4,320

Listing ID: 3116200

 

 

Your Agent(s)

Mathew Krem

Mathew Krem

O: 718.486.4465

mkrem@elliman.com
Jessica Peters

Jessica Peters

O: 718.486.4429

jpeters@elliman.com
Stephanie O'Brien

Stephanie O'Brien

O: 718.486.4457

stobrien@elliman.com
Dain Lee

Dain Lee

O: 718.486.4466

M: 917.617.4882

dain.lee@elliman.com

733 Bushwick Avenue - Bushwick, New York

Floor plan of 733 Bushwick Avenue - Bushwick, New York

Your Agent(s)

Mathew Krem

Mathew Krem

O: 718.486.4465

mkrem@elliman.com
Jessica Peters

Jessica Peters

O: 718.486.4429

jpeters@elliman.com
Stephanie O'Brien

Stephanie O'Brien

O: 718.486.4457

stobrien@elliman.com
Dain Lee

Dain Lee

O: 718.486.4466

M: 917.617.4882

dain.lee@elliman.com

All data is deemed reliable but is not guaranteed accurate by the RLS or Douglas Elliman. See Terms of Service for additional restrictions.

 

© 2018. Douglas Elliman Real Estate. All material presented herein is intended for information purposes only. While, this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All property information, including, but not limited to square footage, room count, number of bedrooms and the school district in property listings are deemed reliable, but should be verified by your own attorney, architect or zoning expert. The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own attorney, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom.

 

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