Vacant 4 Unit Building Between Wyckoff & Irving Avenue
208 Starr Street
Bushwick
Closed 04/14/2015 at
$1,505,000
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718-395-1877
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Overview
TerraCRG has been retained to exclusively represent ownership in the sale of the free market four unit building located at 208 Starr Street in the Bushwick neighborhood of Brooklyn. The building is in an extremely prime location on Starr Street between Wyckoff Avenue & Irving Avenue. It is less than one block from the Jefferson Street L Station and Maria Hernandez Park.
The two story 25 ft x 65 ft building consists of 4 free market residential apartments. The building will be delivered vacant. The building has excellent ceiling heights, a full basement and large units, which allow for a number of different possibilities: (a) 4 large two bedroom units; (b) 2 ground floor/basement duplex units with 2 large bedroom units on 2nd floor; or (c) 4 massive loft style units which take advantage of the building’s outstanding ceiling heights. The building has gross rent potential up to approximately $150,000 if the ground floor units are duplexed.
The property is ideally located in one of the most desirable locations in Bushwick-less than 1 block from the Jefferson Street L station and Maria Hernandez Park. The retail development in this location has exploded with some of the best restaurants, bars and cafes opening in the immediate vicinity. Next door Mayday Bar, Cafe and Co-working space is opening and the property is extremely close to the highly acclaimed Northeast Kingdom restaurant, Hanna Natural Organic Market and Wine Shop, the Cobra Club and Green Street Salads. The property is also in the heart of Bushwick’s flourishing art scene (Just a few blocks from Bushwick Collective – a massive organized street art project) and near some of the most successful rental, condo and retail projects in the area (including the Knick Condos, Castle Braid Luxury Rentals and 424 Melrose Street – the first affordable passive house rental project in the country).
Attractions
Over the last decade, Bushwick has become one of the most rapidly developing and exciting real estate sub-markets in New York City. There has been an enormous influx of new residents, both condo buyers and renters moving to Bushwick from Manhattan and from nearby Williamsburg. Trendy restaurants, cafes, bars and specialty markets are quickly opening to meet the increasing demand from this new demographic group. Bushwick has also emerged as a center for art and music with a variety of different types of art galleries and live music venues opening in the area.