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228, 230, 234, 236 Evergreen Avenue 4 Multifamily Properties Offered at $5,250,000 in Brooklyn, NY
Investment Highlights
- Prime Location: Corner building in Bushwick, bordering Williamsburg.
- Modern Construction: Built in 2011 with high-quality finishes and modern layouts. | Exempt From Good Cause Eviction
- Low Property Taxes: Within Tax Class 1, which is protected from significant tax hikes.
- Free Market Asset: (4) contiguous buildings totaling (8) free market residential units.
- Condo Conversion Ready: Ideal opportunity for a seamless condominium conversion.
- Spacious Duplex Units: Large 2- and 4-bedroom layouts, each approximately 1,300 SF, most with multiple bathrooms | Private Outdoor Spaces
Executive Summary
Matthew Peters & Jack Sullivan, with The Peters Team at Marcus & Millichap, are pleased to present the Exclusive Listing to four (4) contiguous 2-Family properties located at 228, 230, 234 & 236 Evergreen Avenue in the Bushwick section of Brooklyn, NY, 11221.
Layout:
228 Evergreen:
2 Apartments – (2,760 SF)
Unit 1 - 2-bedroom, 1.5-bathroom | Duplex w/ Lower-Level Rec Room (3rd Bedroom), Private Walkout Backyard & In-Unit Washer/Dryer (1,350 SF)
Unit 2 - 4-bedroom, 2-bathroom | Duplex w/ In-Unit Washer/Dryer
Private Walk-Up Roof Terrace (1,350 SF)
230 Evergreen:
2 Apartments – (2,760 SF)
Unit 1 - 2-bedroom, 1.5-bathroom | Duplex w/ Lower-Level Rec Room (3rd Bedroom), Private Walkout Backyard & In-Unit Washer/Dryer (1,350 SF)
Unit 2 - 4-bedroom, 2-bathroom | Duplex & In-Unit Washer/Dryer
Private Walk-Up Roof Terrace (1,350 SF)
234 Evergreen:
2 Apartments – (3,000 SF)
Unit 1 - 2-bedroom, 1.5-bathroom | Duplex w/ Lower-Level Rec Room (3rd Room) & In-Unit Washer/Dryer (1,700 SF)
Unit 2 - 4-bedroom, 2-bathroom | Duplex w/ Terrace & In-Unit Washer/Dryer
Private Walk-Up Roof Terrace (1,253 SF)
236 Evergreen:
2 Apartments – (3,637 SF) - Corner Building
Unit 1 - 2-bedroom, 2-bathroom | Duplex w/ Lower-Level Rec Room (3rd Room), Private Backyard & In-Unit Washer/Dryer (1,750 SF)
Unit 2 - 4-bedroom, 2.5-bathroom | Duplex & In-Unit Washer/Dryer
Private Walk-Up Roof Terrace (1,750 SF)
Investment Opportunity:
4 separate tax lots
8 Free Market Apartment Units, Ready to Be Converted Into Condos
Constructed in 2011 with Tenants Responsible for Own Utilities
Exempt from Good Cause Eviction until 2041 - Buildings were constructed after 2009.
Location:
Bordering Williamsburg & Bedford-Stuyvesant
Short Walk to the (J | Z | M) Train Lines
Layout:
228 Evergreen:
2 Apartments – (2,760 SF)
Unit 1 - 2-bedroom, 1.5-bathroom | Duplex w/ Lower-Level Rec Room (3rd Bedroom), Private Walkout Backyard & In-Unit Washer/Dryer (1,350 SF)
Unit 2 - 4-bedroom, 2-bathroom | Duplex w/ In-Unit Washer/Dryer
Private Walk-Up Roof Terrace (1,350 SF)
230 Evergreen:
2 Apartments – (2,760 SF)
Unit 1 - 2-bedroom, 1.5-bathroom | Duplex w/ Lower-Level Rec Room (3rd Bedroom), Private Walkout Backyard & In-Unit Washer/Dryer (1,350 SF)
Unit 2 - 4-bedroom, 2-bathroom | Duplex & In-Unit Washer/Dryer
Private Walk-Up Roof Terrace (1,350 SF)
234 Evergreen:
2 Apartments – (3,000 SF)
Unit 1 - 2-bedroom, 1.5-bathroom | Duplex w/ Lower-Level Rec Room (3rd Room) & In-Unit Washer/Dryer (1,700 SF)
Unit 2 - 4-bedroom, 2-bathroom | Duplex w/ Terrace & In-Unit Washer/Dryer
Private Walk-Up Roof Terrace (1,253 SF)
236 Evergreen:
2 Apartments – (3,637 SF) - Corner Building
Unit 1 - 2-bedroom, 2-bathroom | Duplex w/ Lower-Level Rec Room (3rd Room), Private Backyard & In-Unit Washer/Dryer (1,750 SF)
Unit 2 - 4-bedroom, 2.5-bathroom | Duplex & In-Unit Washer/Dryer
Private Walk-Up Roof Terrace (1,750 SF)
Investment Opportunity:
4 separate tax lots
8 Free Market Apartment Units, Ready to Be Converted Into Condos
Constructed in 2011 with Tenants Responsible for Own Utilities
Exempt from Good Cause Eviction until 2041 - Buildings were constructed after 2009.
Location:
Bordering Williamsburg & Bedford-Stuyvesant
Short Walk to the (J | Z | M) Train Lines
Data Room Click Here to Access
Property Facts
| Price | $5,250,000 | Status | Active |
| Price / SF | $249.31 / SF | Number of Properties | 4 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 5.95% | Total Building Size | 21,058 SF |
| Sale Type | Investment | Total Land Area | 0.09 AC |
| Price | $5,250,000 |
| Price / SF | $249.31 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 5.95% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 21,058 SF |
| Total Land Area | 0.09 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Loft-Like Building, Prim Bushwick
230 Evergreen Ave, Brooklyn, NY 11221 |
Multifamily | 12,000 SF | 2012 | - |
|
236 Evergreen Avenue
236 Evergreen Ave, Brooklyn, NY 11221 |
Multifamily | 3,696 SF | 2011 | - |
| 234 Evergreen Ave, Brooklyn, NY 11221 | Multifamily | 3,472 SF | 2011 | - |
| 228 Evergreen Ave, Brooklyn, NY 11221 | Multifamily | 1,890 SF | 2011 | - |
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228, 230, 234, 236 Evergreen Avenue
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