G
Seller's Agent in 2025
Giovanni Castro
Corcoran Group
(917) 880-2047
2 in this area
13 Total Sales
1059 Greene Ave Brooklyn, NY 11221
Bushwick Neighborhood
8
Beds
8
Baths
2,650
Sq Ft
1,925
Sq Ft Lot
About This Home
As of January 2025Welcome to 1059 Greene Avenue, a stunning and newly renovated 3-family property in the vibrant neighborhood of Bushwick, Brooklyn. This multi-family home presents an excellent investment opportunity for buyers seeking both a high-potential income property and a prime location within one of Brooklyn's most sought-after areas.
Key Features:
Newly Renovated: The property has undergone an extensive renovation, showcasing modern upgrades and high-quality finishes throughout. From the facade to the interiors, no detail has been spared, providing a turnkey solution for future occupants or tenants.
3 Spacious Units: The building comprises three spacious and distinct units, each offering a comfortable living space and ample natural light. The layout is ideal for multi-generational families, investors, or live-and-rent scenarios.
Income Potential: $163,100 NOI and 5.6% Cap rate. This property offers a unique opportunity to generate rental income, making it an attractive investment option for savvy buyers looking to capitalize on the robust rental market in Bushwick.
Prime Location: Situated in the heart of Bushwick, this property is conveniently located near an array of trendy cafes, restaurants, boutiques, and art galleries. Commuting is a breeze with easy access to public transportation, including subway lines and bus routes.
Outdoor Space: The property may feature a backyard, rooftop deck, or balconies, providing residents with a private outdoor oasis to relax and unwind.
Proximity to Amenities: Residents will enjoy proximity to parks, schools, healthcare facilities, and supermarkets, ensuring convenience and comfort in their daily lives.
Don't Miss Out:
This newly renovated 3-family property offers an ideal blend of modern living and investment potential in one of Brooklyn's most exciting neighborhoods. Whether you're an investor looking for a lucrative income property or a homeowner seeking additional rental income, 1059 Greene Avenue is a must-see.
Last Agent to Sell the Property
Corcoran Group License #10301208531 Listed on: 12/18/2024
Townhouse Details
Home Type
- Townhome
Year Built
- Built in 1920
Lot Details
- 1,925 Sq Ft Lot
- Lot Dimensions are 100.00x19.25
Home Design
- Entry on the 1st floor
Interior Spaces
- 2,650 Sq Ft Home
- 3-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Full Bathrooms
Utilities
- No Cooling
Community Details
- 3 Units
- Bushwick Subdivision
Listing and Financial Details
- Legal Lot and Block 0051 / 03283
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 24, 2025
Sold by
Townhouse Rental Ii Llc
Bought by
Townhouse Rental Vii Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,316,346
Outstanding Balance
$25,180,859
Interest Rate
6.64%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$22,988,526
Purchase Details
Listed on
Dec 18, 2024
Closed on
Jan 17, 2025
Sold by
1059 Greene Group Llc and 1059 Greene Group Llc
Bought by
Townhouse Rental Ii Llc
Seller's Agent
Giovanni Castro
Corcoran Group
List Price
$2,699,000
Sold Price
$2,487,000
Premium/Discount to List
-$212,000
-7.85%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-12.19%
Purchase Details
Closed on
Dec 22, 2022
Sold by
Ten Fifty Nine Llc
Bought by
1059 Greene Group Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,001
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 29, 2022
Sold by
Batiste Victor and Batiste Victoria G
Bought by
Ten Fifty Nine Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,999
Interest Rate
5.23%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 13, 2001
Sold by
Batiste Victor
Bought by
Batiste Victoria G
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $2,487,000 | -- | |
| Deed | $2,487,000 | -- | |
| Deed | $1,100,000 | -- | |
| Deed | $1,100,000 | -- | |
| Deed | $1,100,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $25,316,346 | Purchase Money Mortgage | |
| Closed | $25,316,346 | Purchase Money Mortgage | |
| Previous Owner | $700,001 | Purchase Money Mortgage | |
| Previous Owner | $499,999 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/17/2025 01/17/25 | Sold | $2,487,000 | -7.9% | $938 / Sq Ft |
| 12/03/2024 12/03/24 | Pending | -- | -- | -- |
| 10/22/2024 10/22/24 | For Sale | $2,699,000 | -- | $1,018 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,655 | $93,720 | $14,460 | $79,260 |
| 2024 | $2,655 | $89,580 | $14,460 | $75,120 |
| 2023 | $2,539 | $93,720 | $14,460 | $79,260 |
| 2022 | $2,360 | $78,660 | $14,460 | $64,200 |
| 2021 | $2,352 | $86,280 | $14,460 | $71,820 |
| 2019 | $2,304 | $78,420 | $14,460 | $63,960 |
| 2018 | $2,124 | $10,419 | $2,331 | $8,088 |
| 2017 | $2,008 | $9,852 | $2,319 | $7,533 |
| 2016 | $1,862 | $9,313 | $2,637 | $6,676 |
| 2015 | $1,121 | $9,304 | $2,968 | $6,336 |
| 2014 | $1,121 | $9,180 | $3,411 | $5,769 |
Source: Public Records
Agents Affiliated with this Home
-
Giovanni Castro
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS11017188
APN: 03283-0051
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.
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