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$500,000
Est. payment /mo
16 Beds
8 Baths
6,500 SqFt
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,500 sqft
Price per Sqft $76
MLS Listing ID 493655
Bedrooms 16
Full Baths 8
Property Sub-Type Multi-Family
Property Description
CASH BUYER ONLY , HOUSE WITH OVER 1M+ HPD FINES. This property is currently under the HPD 7A Program, a city-managed program for buildings that have had serious management or repair issues in the past. Buyers are strongly encouraged to research what the 7A program involves and speak with their attorney to understand the responsibilities and future options. The property will be sold as-is, including all existing HPD violations and fines.
Step into the future of Brooklyn living with this impressive 4-story, 8-family townhouse located in the heart of vibrant Bushwick. Built with classic detail and generous scale, the building measures 25 feet wide by 65 feet deep on a 25 x 100 lot, and is zoned R6—offering great potential for vertical expansion, high-end rentals, or boutique condo conversion. Four of the eight units are currently vacant, making this an ideal opportunity for immediate repositioning or redevelopment.
Located on a beautiful tree-lined street with easy access to trendsetting cafes and transportation into Manhattan, this building represents strong long-term upside. Similar buildings nearby have sold for significantly more, making this a hidden gem for experienced investors or developers looking to build their legacy in one of Brooklyn's hottest neighborhoods.
MLS Approve- No financial provide at this time due to 7A program.
Step into the future of Brooklyn living with this impressive 4-story, 8-family townhouse located in the heart of vibrant Bushwick. Built with classic detail and generous scale, the building measures 25 feet wide by 65 feet deep on a 25 x 100 lot, and is zoned R6—offering great potential for vertical expansion, high-end rentals, or boutique condo conversion. Four of the eight units are currently vacant, making this an ideal opportunity for immediate repositioning or redevelopment.
Located on a beautiful tree-lined street with easy access to trendsetting cafes and transportation into Manhattan, this building represents strong long-term upside. Similar buildings nearby have sold for significantly more, making this a hidden gem for experienced investors or developers looking to build their legacy in one of Brooklyn's hottest neighborhoods.
MLS Approve- No financial provide at this time due to 7A program.
Location
State NY
County Kings (brooklyn)
Area Bushwick
Zoning r6
Rooms
Basement Other
Interior
Hot Water Other
Heating Other
Flooring Other
Heat Source Other
Exterior
Exterior Feature Other
Amenities Available Storage rooms
Roof Type Other
Handicap Access Unknown
Building
Story 5
Foundation Other
Others
Energy Description Other
Financing 1031 Exchange,Assumption,Bank Mortgage,Cash,Lease/Purchase,Owner
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Listed by RE/MAX Edge
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716