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1140 Willoughby Ave
Brooklyn, NY 11237
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Modern 2005-Built Brick 3-Family | 5,100 SF | R6 Zoning | Prime Bushwick / East Williamsburg
Executive Summary
Modern 2005-Built Brick 3-Family | 5,100 SF | R6 Zoning | Prime Bushwick / East Williamsburg
Prime America Real Estate is pleased to present 1140 Willoughby Avenue, a modern, solid brick three-family investment property located in the heart of Bushwick, one of Brooklyn's most dynamic and rapidly appreciating neighborhoods, also recognized as East Williamsburg.
Constructed in 2005, this exceptionally maintained multifamily asset offers approximately 5,100 square feet of interior space on a 25' x 100' (2,500 SF) lot with R6 zoning. The property consists of three spacious residential units, each featuring 3 bedrooms, 2 full bathrooms, oversized living areas, and high ceilings, for a total of 9 bedrooms and 6 full bathrooms.
A fully finished basement with direct access to a beautifully landscaped private backyard provides additional flexibility and enhances the property's overall value. The outdoor garden offers a rare urban oasis for tenants or owner-occupants.
Ideally situated just blocks from Maria Hernandez Park, the property benefits from one of Brooklyn's strongest rental markets, surrounded by acclaimed restaurants, cafés, nightlife, creative spaces, shopping, and convenient subway access.
This is an outstanding opportunity for investors seeking stable long-term income, appreciation potential, or an owner-user looking to occupy one residence while benefiting from rental income.
Prime America Real Estate is pleased to present 1140 Willoughby Avenue, a modern, solid brick three-family investment property located in the heart of Bushwick, one of Brooklyn's most dynamic and rapidly appreciating neighborhoods, also recognized as East Williamsburg.
Constructed in 2005, this exceptionally maintained multifamily asset offers approximately 5,100 square feet of interior space on a 25' x 100' (2,500 SF) lot with R6 zoning. The property consists of three spacious residential units, each featuring 3 bedrooms, 2 full bathrooms, oversized living areas, and high ceilings, for a total of 9 bedrooms and 6 full bathrooms.
A fully finished basement with direct access to a beautifully landscaped private backyard provides additional flexibility and enhances the property's overall value. The outdoor garden offers a rare urban oasis for tenants or owner-occupants.
Ideally situated just blocks from Maria Hernandez Park, the property benefits from one of Brooklyn's strongest rental markets, surrounded by acclaimed restaurants, cafés, nightlife, creative spaces, shopping, and convenient subway access.
This is an outstanding opportunity for investors seeking stable long-term income, appreciation potential, or an owner-user looking to occupy one residence while benefiting from rental income.
Property Facts
| Price Per Unit | $666,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| No. Units | 3 | Building Size | 4,275 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2005 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R6, Brooklyn (G7) - 25' x 100' (2,500 SF) lot with R6 zoning. | ||
| Price Per Unit | $666,000 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,275 SF |
| No. Stories | 3 |
| Year Built | 2005 |
| Opportunity Zone |
Yes |
| Zoning | R6, Brooklyn (G7) - 25' x 100' (2,500 SF) lot with R6 zoning. |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Site Amenities
- Playground
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 9+5 | 3 | - | - |
Property Taxes
| Parcel Number | 03209-0024 | Improvements Assessment | $94,740 |
| Land Assessment | $15,720 | Total Assessment | $110,460 |
Property Taxes
Parcel Number
03209-0024
Land Assessment
$15,720
Improvements Assessment
$94,740
Total Assessment
$110,460
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