NOT LISTED FOR SALE

168 Bleecker St Brooklyn, NY 11221

Bushwick Neighborhood
12 Beds
6 Baths
4,875 Sq Ft
2,500 Sq Ft Lot Lot

Sale Details

Date Sold: November 20, 2023

Last sale price $1,120,000 $230 Per Sq Ft

Highlights

  • Intercom to Front Desk
  • 4-minute walk to Knickerbocker Avenue (M Line)
  • Baseboard Heating
  • Wood Flooring
  • Multiple cooling system units
  • 4-minute walk to Heckscher Playground

About This Home

As of November 2023

CALLING ALL INVESTORS LOOKING FOR STABLE CASH FLOW!!
LOCATED IN THE EMERGING AND RAPIDLY GENTRIFYING AND APPRECIATING CENTRAL BUSHWICK NEIGHBORHOOD OF BROOKLYN.
BACK ON THE MARKET WITH 2 NEWLY RENOVATED UNITS AND HIGHER RENT ROLL THIS ALL-BRICK GEM IS WELL RUN AND IMPECCABLY MAINTAINED.
THE 3 STORY BUILDING PROVIDES 6 SPACIOUS 2 BEDROOM UNITS WITH CENTER LINE PLUMBING. ZONED R6, THE PROPERTY IS AN OPPORTUNITY FOR A VALUE-ADD MULTIFAMILY GENERATIONAL INVESTOR TO ACQUIRE A CASH FLOWING PROPERTY IN A HIGHLY DESIRABLE AND CENTRALLY LOCATED BROOKLYN NEIGHBORHOOD.

FULLY OCCUPIED WITH ALL TENANTS PAYING RENTS IN FULL AND ON TIME. DRIVE BY SHOWINGS ONLY.

Last Agent to Sell the Property

Tracy Czik

Rockaway Properties Listed on: 06/01/2023

Last Buyer's Agent

Tracy Czik

Rockaway Properties Listed on: 06/01/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,931

Year Built

  • Built in 1931

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 100 x 25
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 6 Full Bathrooms
  • 4,875 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Unfinished Basement
  • Basement Cellar
  • Stove

Utilities

  • Multiple cooling system units
  • Baseboard Heating
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 3306

Community Details

Building Details

  • Fuel Expense $4,599
  • Insurance Expense $3,805
  • Gross Income $101,597
  • Net Operating Income $80,423

Additional Features

  • 6 Units
  • Intercom to Front Desk

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,931

Year Built

Built in 1931

Lot Details

2,500 Sq Ft Lot

Listing Details

  • Basement Amenities: Cellar, Unfinished
  • Total Bathrooms: 6.00
  • Borough: Brooklyn
  • Building Length: 65.00
  • Building Width: 25.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Central Ave
  • Cross Street Name2: Wilson Ave
  • Handicap Access Y N U: No
  • Heat Delivery: Baseboard
  • Negotiate Thru: Broker
  • Number Of Families: 6
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove
  • Fill Sq Ft Total: 4875
  • Building Stories: 3
  • Street Name I D X: Bleecker
  • Year Built: 1931
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 6
  • Flooring: Hardwood
  • Lot Sq Ft: 2500

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 25
  • Roof: Flat

Utilities

  • Air Conditioning Units: 5+
  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 4599.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 25
  • Zoning: R6

Multi Family

  • Annual Gross Expense: 21174.00
  • Annual Gross Income: 101597
  • Insurance Expense: 3805.00
  • Property Net Operating Income: 80423.00
  • Unit Count: 6

Tax Info

  • Flip Tax Amount: 6931.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2023 11/20/23 Sold $1,120,000 -5.0% $230 / Sq Ft
06/01/2023 06/01/23 Pending -- -- --
06/01/2023 06/01/23 For Sale $1,179,000 -- $242 / Sq Ft
Source: Brooklyn Board of REALTORS®

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
2026 $10,196 $603,450 $5,400 $598,050
2025 $9,876 $517,500 $5,400 $512,100
2024 $9,876 $576,000 $5,400 $570,600
2023 $8,975 $527,850 $5,400 $522,450
2022 $6,931 $493,200 $5,400 $487,800
2021 $6,337 $394,650 $5,400 $389,250
2020 $2,424 $432,000 $5,400 $426,600
2019 $5,547 $402,300 $5,400 $396,900
2018 $7,158 $56,277 $906 $55,371
2017 $6,630 $52,127 $888 $51,239
2016 $6,223 $48,267 $1,029 $47,238
2015 $4,040 $48,267 $1,235 $47,032
2014 $4,040 $46,745 $1,435 $45,310
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Tracy Czik

    Rockaway Properties

    (917) 405-0489

    2 in this area

    12 Total Sales

    Tracy Czik
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 474394

Brooklyn Board of REALTORS®
New York Kings County Brooklyn 11221 Bushwick

168 Bleecker St, Brooklyn, NY

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