New York, NY 11237

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Pets: No Pets Allowed

Financials

Price:$1,599,000
Annual Taxes:$10,147
578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Block & Lot Services Inc

Unveil an exceptional mixed use investment opportunity in the heart of dynamic Bushwick, Brooklyn.

Description

Unveil an exceptional mixed use investment opportunity in the heart of dynamic Bushwick, Brooklyn. This property offers the perfect blend of commercial visibility and residential income, poised for significant growth in one of NYC's most sought-after neighborhoods. Priced for a value-add investor, promising substantial returns and is ready for a strategic transformation. 1538 Gates Ave is a three-story mixed use building consisting of four Free Market apartments over one ground floor store, just minutes away from the bustling Myrtle and Wyckoff Aves L & M subway station. Each of the upper floors is comprised of two apartments positioned front and back, all featuring a desirable boxed layout, three of which are 2 bedrooms and the other one is one bedroom. The retail space and two apartments are currently vacant, awaiting TLC which is perfect for an owner-user seeking the flexibility to establish their own business while benefiting from consistent cash flow or a savvy investor looking to customize and maximize returns.

Amenities

  • Back Yard
  • Electricity Connected
  • Fire Escape
  • Natural Gas Connected
  • Near Public Transit
  • Near School
  • Near Shops
  • Sewer Connected
  • Trash Collection Public
  • Walk Up
  • Water Connected

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.