Closed 07/12/2018

6-Unit Building

167 Irving Avenue

Bushwick

Closed 07/12/2018 at
$2,450,000 | $445 per SF

25.5 ft x 72 ft Building Size
5,508 SF Building SF
3 Stories
6 Residential Units
Stockholm St/Dekalb Ave Cross Streets
Subways
l
m
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Multifamily 167 Irving Avenue, Bushwick
Matthew Cosentino
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Details

Zoning R6
FAR 2.2
Block-Lot 3248-2

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of 167 Irving Avenue, a fully vacant, 6-unit property in the Bushwick neighborhood of Brooklyn.

The oversized brick building is 25.5 ft x 72 ft (over 5,500 SF above grade). The property consists of 4 three-bedroom units and 2 duplex units; because the building has air-shafts on both sides it allows for all the rooms in each unit to have windows. The property has gross income potential of over $220,000/year.

 

Attractions

The building is located in the most prime section of Bushwick – 1 block 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.