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32 Bushwick Avenue
Townhouse in Williamsburg •  building info
5bd • 3ba • 2,931ft² $1,058 per ft²
Sold price

$3,100,000

Description
Introducing 32 Bushwick Avenue-Prime Williamsburg Development Site Currently consisting of a 2,931 sqft 3 family house with full basement that can easily be renovated and left as an income producing property, this site offers a multitude of options for investors looking to capitalize on the once again booming Williamsburg real estate market. The R7A residential zoning of 32 Bushwick Ave provides for a considerable amount of buildable square footage, with or without the additional purchase of IH certificates to build to the bonus IH FAR. In the heart of old-school Williamsburg this site is ideally located in the middle of the Graham & Grand L stops surrounded by all the best neighborhood restaurants, cafes, grocery stores, bars, etc. You cannot beat this location. Full development potential info (buyer must verify all information with their architect/engineer): As of Right Buildable SqFt=7,714.2 (IH 3.45 FAR) As of Right Buildable SqFt With Purchase of IH Certificates=10,285.6 (4.6 IH Bonus FAR) 25.75 x 92.5 (Slightly Irregular Lot) 2,236 Lot SqFt Full Zoning Analysis Coming Soon Reach out with any questions or to receive the offering memorandum or zoning analysis once available.

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Important Stuff
Pets allowed
Outdoor Space
Garden
History
What it'll cost
Purchase price
$3,100,000
Asking Price: $3,100,000
Term
30 Years
Down Payment
$310,000 (10%)
Min: 10% (310,000)
Rate
6.5 %
Mortgage Amount
$2,790,000
Mortgage Payment
$17,635
Taxes
$408
Estimated closing cost
$120,000
Total monthly cost $18,043
Listing Courtesy of Compass

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