4 Bedroom, 2.5 Bath
Two Family Frame
Btwn. Stanhope & Stockholm
Originally constructed in the 1920’s as a carriage house and stable, this quaint two-family townhouse is available for the first time in 40 years. The property is located in the rapidly developing area of Bushwick bordering ‘East Williamsburg’ and has been meticulously maintained by the same family since with significant improvements, such as a fully finished basement with kitchenette and a half bathroom, a partially paved and landscaped backyard, as well as, new windows and siding. The property layout is a 2.5 bedroom apartment with living room, dining room/den and an eat-in kitchen on the 2nd floor over a 2 bedroom apartment with living room, den and an eat-in kitchen on the 1st floor over a fully finished basement. The basement and 1st floor unit could easily be combined to create an owner’s duplex or increase the market rent for that unit. The house features plenty of character which has been preserved over the years, including tin ceilings, glass paned doors and knobs, and more. Being delivered vacant and in mint condition. Located in the epicenter of all that Bushwick and Brooklyn living have to offer, including many up and coming eateries, lounges, art and entertainment, and transportation is available only a block away at the L train at Dekalb Avenue.
Licensed R.E. Associate Broker
Fillmore Real Estate
345 Atlantic Ave
Looking back on this article from Spring of The Brooklyn Daily Eagle, Bushwick poised for new development and growth | Brooklyn Daily Eagle, the new development projects have been progressing as these areas have been rezoned for residential use, and now permits are being filed to move forward on construction. http://newyorkyimby.com/2014/10/yimby-today-east-harlem-mec-battle-heads-to-ny-state-supreme-court-more.html
The condo market, along with large residential and mixed use development, is taking hold in the neighborhood. As rental prices continue to rise in and around Bushwick, the option to buy an apartment may become more attractive to the next generation of buyers with disposable income. And many developers are considering that rationality when pricing these condo units in an adolescent, but burgeoning market. Instead of basing price on previously sold comparables, since there are relatively few, developers are considering what the average renter is paying to lease, and using that figure as a monthly allowance for what a buyer in the neighborhood would be able to afford.
Think you know Bushwick? Take this fun quiz to see how much knowledge you really have on this eclectic neighborhood. Happy Tuesday!
Three Family Frame
Btwn. Wyckoff & St Nicholas Ave
Best Location! This two story, 3 family property is located on the eastern side of Bushwick between the Jefferson and Dekalb L train stops and around the corner from Wyckoff Hospital. This multi family features a 2.5 bedroom over 2 bedroom over a 1 bedroom finished garden level. Additional FAR available to build onto the existing property. This is an excellent investment opportunity in an up and coming area for someone looking to live in this eclectic neighborhood and supplement their income with rental units.
For more information:
Licensed Associate Broker
Fillmore Real Estate
345 Atlantic Ave
While out and about in my neighborhood prospecting, I had an interesting conversation with a local neighbor, who has lived in Bushwick for over 40 years and seen innumerable changes to the neighborhood in that time period. Our discussion revolved around the historical evolution of the neighborhood before, during and after the 1977 black out, drug wars, riots and eventual burn out of Bushwick. Also, the gentleman theorized that the powers that be forecasted and initiated the decline and eventual uprise of the area.
I was admitting how many people display disfavor towards people in my line of work, especially in these areas which have seen rapid gentrification and displacement of many of the neighborhood’s long time residents. He mentioned how after the blackout and rioting and general destruction of the neighborhood, you couldn’t get loans to buy in the neighborhood. Landlords set fire to their buildings and those surrounding, as a consequence of their proximity, in order to claim insurance at a time when you couldn’t give away your property in Bushwick. There were, however, those with inside information that the area would be given a revival. Some of the lucky residents were told not to sell despite the harsh conditions, and that one day their property would be worth a fortune. Blockbusting and illegal relocation techniques were used to drive out many of Bushwick’s residents to Long Island and sold the ‘American Dream’.
This conversation definitely provided a different perspective to the gentrification issue of Bushwick, and it was most intriguing to hear how certain events can have such pre-calculated and lasting effects on an area. For those of us who are newer to the neighborhood, it certainly provides insight into integrating into our neighborhood and breaking down the segregations which exist within.
3-27 St Nicholas Ave @ Gates Ave
- Lot Size: 25×94 Sq Ft
- Zoning: C2-4, R6B (Potential to build up to 4 stories, 2 stores plus 5 residential units or 6 residential units)
- border of Ridgewood/Bushwick
- 1 block to the L & M trains at Myrtle-Wyckoff
- Asking $579K
Contact me at KristenJock@Fillmore.com to inquire about more information on this property.
Bunna, named after one of the essentials in life, coffee, this Ethiopian pop up cafe in Bushwick hosts monthly secret parties and dinner parties. Check out the link above on the upcoming event, Fasika, on May 4th, celebrating the Ethiopian Easter celebration! Dinner, coffee making, live music & more!
The development of Bushwick and Ridgewood is on the rise, boasting the largest numbers for new dwelling development in Brooklyn. Check out the link to the Wyckoff Heights blog to see the trends in development in the neighborhood. I’m happy to see my neck of the woods in Bushwick with the most development.