Closed 01/08/2019

6 Unit Building in Prime Bushwick

247 Himrod Street

Bushwick

Closed 01/08/2019 at
2,200,000 | $490/SF per SF

Building Size 25 ft x 60 ft
Building SF 4,500 SF
Stories 3
Residential Units 6
Subways
l
m
Request More Info
Would you like to know more?

I would like to be contacted:

Are you in a 1031 Exchange?

Multifamily 247 Himrod Street, Bushwick
Matthew Cosentino
Have Matthew contact you

Want Matthew to contact you?

I would like to be contacted:

Are you in a 1031 Exchange?

Details

Zoning R6
Block-Lot 3269-45
Cross Streets Irving Ave & Knickerbocker Ave

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of 247 Himrod Street, a six-unit multifamily property in the Bushwick neighborhood of Brooklyn.
The 4,500 SF property consists of four free-market two bed/two bath units and two rent-stabilized units. The free market units were gut renovated and are collecting between $2,710-$2,750/month. At asking price, the property equates to approx. a 5.5% Cap and still has significant upside.

Attractions

The building is located in the most prime section of Bushwick – 2½ blocks from the L train at Dekalb Avenue and also in close proximity to the M train at Knickerbocker Avenue. The retail development in this location has exploded with some of the best restaurants, bars, cafes and clothing stores opening in the immediate vicinity, including: Milk & Pull Coffee Shop, Lucha Lucha, Hanna Natural Organic Market and Wine Shop, Starbucks, Artichoke Pizza, Sea Wolf, Heavy Woods, The Cobra Club, Left Hand Path, Variety Coffee, to name a few.

The Cobra Club
Left Hand Path
Variety Coffee
Artichoke Pizza
Sea Wolf
Starbucks

Brooklyn Neighborhood Guides

Our neighborhood guides tell you everything you need to know about Brooklyn, from comprehensive market data to the best places to eat, shop and play.

Learn More >