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1308 Jefferson Avenue

$1,495,000

1308 Jefferson Avenue, Brooklyn, NY 11221

Active
Last Updated: 02/13/2025

122,920

NOI

8,500 sqft

Building Size

Details:
NOI:    $122,920
Building Size:    8,500 sqft
Price Per Sqft:    $176
Highlights:
  • Corner Property: Prime corner mixed-use building with spacious layouts and prime retail exposure on Jefferson and Wilson Avenue in Bushwick
  • Lender-Owned: The lender has invested over $50,000 to clear 270 HPD violations, install a new roof, install new windows, and general maintenance / clean up
  • Protected Tax Class: 2B Tax class limits tax increases to no more than 8% a year, or 30% over 5 years
  • Public Transportation: Within blocks of the L train at Halsey Street and M train at Myrtle / Wyckoff Avenue
  • Basis: At the asking price of $1,495,000, the price per square foot equates to $176 and $186,875 per unit
  • Well-Located: Short walk to Irving Square Park and major retail corridors on Wilson, Knickerbocker, and Central Avenues
Map:
Documents:
Title
Offering Memorandum
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Location
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