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289 Bleecker St
Brooklyn, NY 11237 Bushwick

$1,650,000 USD

Apartments For Sale  •  5,168 SF

Property Details

• Property Type Apartments
• Total Building Size 5,168 SF
• Lot Size 0.06 AC
• Building Class C
• Year Built 1931
• Cap Rate 7.03 %
• Zoning R6

100 Transit Score

100 Walk Score

Highlights

Turnkey-Opportunity: Well-maintained building with upgraded utilities allowing for little to no short-term capital improvement requirements.

Bonus Unit: This property contains a fully finished basement with an office space offering a great owner user opportunity or an ADU

Zero Violations: This property currently has zero HPD, DOB, or ECB violations is proof of the condition, quality, and nonexistent issues

Premier Location: Located in the heart of Bushwick, this property is half a block away from Knickerbocker Avenue

Tax Class Protection: Designated as a 2A Tax Class property, capping tax increases at 8% annually or 30% over five years.

Transit-Oriented Location: Located 2-4 blocks from Knickerbocker Avenue M-Line and Myrtle-Wyckoff Ave L-Line.

Cap Rate:

7.03 %

Amenities

• Air Conditioning
• Controlled Access
• Tenant Controlled HVAC
• Heating
• Recycling
• Smoke Free
• Kitchen
• Refrigerator
• Oven
• Tub/Shower
• Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	7 min	-	2.5 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	10 min	-	3.1 mi
Transit/Subway	Drive	Walk	Distance
Knickerbocker Avenue (M Line) (M - New York MTA Subway (The Subway))	1 min	3 min	0.2 mi
Myrtle-Wyckoff Avenues (L - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway))	1 min	6 min	0.3 mi
DeKalb Avenue (L Line) (L - New York MTA Subway (The Subway))	2 min	8 min	0.4 mi
Central Avenue (M - New York MTA Subway (The Subway))	2 min	11 min	0.6 mi
Seneca Avenue (M - New York MTA Subway (The Subway))	2 min	12 min	0.6 mi
Airport	Drive	Walk	Distance
LaGuardia	17 min	-	7.4 mi
John F Kennedy International	19 min	-	11.0 mi
Newark Liberty International	32 min	-	17.4 mi