FIRST OPEN HOUSE ON SUNDAY 6/30. PLEASE CONTACT TO MAKE APPOINTMENT. Tremendous opportunity to transform this historic townhouse into the primary home of your dreams and/or an investment of a potential 6% CAP in a flourishing section of Bushwick, Brooklyn. Built in 1899, this three-family brownstone is ideally situated along a tranquil tree-lined section of Bushwick and a short distance to Irving Square Park and Bushwick Playground. Close proximity to mass transit with Halsey Street Station (L Train) and Myrtle-Wyckoff Avenue Station (L & M Train) nearby as well as Multiple NYC Buses (B13, B26, B52, B54, Q56, Q58).
The property is priced significantly lower than comparable properties in the area to allow the new owner to develop the property into an incredible home, as well as an income producing opportunity. Low annual taxes of $3,898.00, coupled with the opportunity for high disposable income from the local booming rental market. Current property size is 2,650 Square Feet (Three Floors plus Basement) on a 2,000 Square feet lot (20 Feet by 100 Feet). Unused FAR and Additional air rights available with the property! Currently occupied by the owner, the property will be delivered vacant.
Off market
$1,936,700
1276 Hancock St #1, Brooklyn, NY 11221
4beds
2,650sqft
Townhouse
Built in 1899
-- sqft lot
$1,936,700 Zestimate®
$731/sqft
$4,689 Estimated rent