NOT LISTED FOR SALE

1059 Greene Ave Brooklyn, NY 11221

Bushwick Neighborhood

Estimated Value: $1,327,000 - $2,546,000

8 Beds
8 Baths
2,650 Sq Ft
$711/Sq Ft Est. Value

Sale Details

Date Sold: January 17, 2025

Last sale price $2,487,000 $938 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $10,384 / mo

42 Days on Market

About This Home

As of January 2025

Welcome 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

Giovanni Castro

Corcoran Group License #10301208531 Listed on: 12/18/2024

Corcoran Group

Last Buyer's Agent

Direct Deal Listing

Direct Deal License #A

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

Eco-Friendly Details

  • Green Building
  • Smoke Free Home

Utilities

  • No Cooling

Community Details

  • 3 Units
  • Bushwick Subdivision

Listing and Financial Details

  • Legal Lot and Block 0051 / 03283

Townhouse Details

Home Type

Townhome

Year Built

Built in 1920

Lot Details

1,925 Sq Ft Lot

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bushwick
  • Entry Level: 1
  • Structure Type: Townhouse
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 3

Interior Features

  • Interior Features: Smoke Free
  • Fireplace: No
  • Living Area: 2650.0
  • Living Area Units: Square Feet
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 8
  • Bathrooms Integer: 8
  • Bedrooms: 8

Exterior Features

  • View: Other
  • View: No
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: In Unit
  • Green Building Features: Green Building
  • Cooling: No

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 1925.0
  • Lot Size Dimensions: 100.00x19.25

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Units: 3
  • Total Stories: 3
  • Year Built: 1920

Tax Info

  • Tax Block: 03283
  • Tax Lot: 0051

Multi Family

  • Building Area Units: Square Feet

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2025
Sold by
Bought by
Current Estimated Value
$1,884,667

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
$25,040,812
Interest Rate
6.64%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$23,156,145

Purchase Details

Listed on
Dec 18, 2024
Closed on
Jan 17, 2025
Sold by
Bought by
Seller's Agent
Giovanni Castro
Corcoran Group
Buyer's Agent
Direct Deal Listing
Direct Deal
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
-18.45%

Purchase Details

Closed on
Dec 22, 2022
Sold by
Bought by

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
Bought by

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
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
-- --
$2,487,000 --
$2,487,000 --
$1,100,000 --
$1,100,000 --
$1,100,000 --
-- --
-- --
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $25,316,346
Closed $25,316,346
Previous Owner $700,001
Previous Owner $499,999
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $2,691 $113,880 $14,460 $99,420
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

  • G

    Seller's Agent in 2025

    Giovanni Castro

    Corcoran Group

    (917) 880-2047

    1 in this area

    12 Total Sales

    Giovanni Castro
    Section Image

  • D

    Buyer's Agent in 2025

    Direct Deal Listing

    Direct Deal

See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS11017188

Real Estate Board of New York (REBNY)

APN: 03283-0051

New York Kings County Brooklyn 11221 Bushwick

1059 Greene Ave, Brooklyn, NY

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.

Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.

RLS Data display by Homes.com LLC

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