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98-100 Bushwick Ave 12 Unit Apartment Building $7,200,000 ($600,000/Unit) Brooklyn, NY 11206
Executive Summary
98-102 Bushwick Avenue is a corner mixed-use investment and development opportunity in prime Williamsburg, Brooklyn, featuring eight residential units, multiple retail storefronts, and approximately 11,312 buildable square feet under existing C4-4A/R7A-equivalent zoning. The property generates current NOI of approximately $319,581 with significant upside through rent growth, commercial repositioning, and the utilization of approximately 4,016 square feet of remaining development rights. Located steps from the Grand Street L train station and within MIH, FRESH, and Transit Zones, the asset offers investors and developers a rare combination of stable cash flow, value-add potential, and long-term redevelopment upside.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Sprinkler System
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
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Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 02790-0022 | Improvements Assessment | $800,550 |
| Land Assessment | $127,350 | Total Assessment | $927,900 |
Property Taxes
Parcel Number
02790-0022
Land Assessment
$127,350
Improvements Assessment
$800,550
Total Assessment
$927,900
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98-100 Bushwick Ave