90 George Street Brooklyn, NY 11206

$2,499,000
90 George Street, Brooklyn, NY 11206
OLRS-0072423

Single Family Home for sale in Brooklyn, NY

for $2,499,000 with 12 bedrooms and 6 full baths. This home was built in 1931 on a lot size of 25'x100'.

Property Information

  • $2,499,000
  • 12 Bedrooms
  • 6 Full Baths
  • Single Family
  • Taxes are $4,977
  • Residential
  • Active
  • Lot size of 25'x100'
  • Built in 1931
  • Brooklyn, NY
  • Bushwick Neighborhood
  • Kings County
  • MLS/Web ID is OLRS-0072423

Description

90 George street presents the rare opportunity to renovate, expand, and maximize your return on investment in one of Brooklyn's most sought after neighborhoods. This 25x64 brick, rent stabilized, three-story walk-up building has six residential units and is located in trendy Bushwick. Each unit offers a 2 bedroom layout. Five units will be delivered vacant with the sixth unit as a possibility. With enormous upside and a potential solid cap rate, once updated, this is a rarity within this section of Bushwick. The roof was recently done about 3 years ago along with upgrading of the electrical meters. With R6 Zoning and additional FAR, this property is perfect for an investor who is looking for a buy and hold, or prime for a condo conversion. This brick building is conveniently located minutes from the M and L train lines and amongst a slew of notable restaurants, emerging venues, and new development. Neighborhood staples like Roberta's pizza, Bunna cafe, Bunker Vietnamese, Falansai, Mominette Bistro and Sincerely Burger, to name a few, provide multi-cultural cuisine to this artistic and dynamic neighborhood.

Interior 1

Cooling System

  • Air Conditioning

† Excluded Feature

Listed By

Listing Agent: Jessica White

90 George Street, Brooklyn, NY, 11206 is a Single Family Home for sale at $2,499,000 with a lot size of 25'x100'. 90 George Street has 12 bedrooms, 6.0 baths, and was built in 1931. The property's zip code is 11206 which is in Brooklyn, NY

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Pricing History

Date Price Price Change Description
5/2/2018 $2,499,000 -16.14 % Price Change
3/13/2018 $2,980,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Brooklyn $1,355,481 46 % below $999,000 60 % below
Single family listings in Brooklyn $1,195,008 52 % below $926,500 63 % below

Get the facts about Brooklyn, NY!

Population 2,605,119
Population Growth (since 2000) 6 %
Median Income $50,321
Median Age 35.91
Households w/ Children 29 %

Residential Dwellings

  • Owned 264711
  • Vacant 78635
  • Rented 691357

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Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363