NOT LISTED FOR SALE

Estimated Value: $3,528,000

5 Beds
3 Baths
2,931 Sq Ft
$1,204/Sq Ft Est. Value

Last Sold May 03, 2022

Last sale price $3,100,000 $1,058 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $22,086/month

117 Days on Market

Highlights

  • Pre War Building
  • 2-minute walk to Grand Street (L Line)
  • Garden
  • P.S. 132 The Conselyea School Rated A-

About This Home

As of May 2022

Introducing 32 Bushwick Avenue-Prime Williamsburg Development Site Currently consisting of a 2,931 sqft 3 family house with full basement that can easily be renovated and left as an income producing property, this site offers a multitude of options for investors looking to capitalize on the once again booming Williamsburg real estate market. The R7A residential zoning of 32 Bushwick Ave provides for a considerable amount of buildable square footage, with or without the additional purchase of IH certificates to build to the bonus IH FAR. In the heart of old-school Williamsburg this site is ideally located in the middle of the Graham & Grand L stops surrounded by all the best neighborhood restaurants, cafes, grocery stores, bars, etc. You cannot beat this location. Full development potential info (buyer must verify all information with their architect/engineer): As of Right Buildable SqFt=7,714.2 (IH 3.45 FAR) As of Right Buildable SqFt With Purchase of IH Certificates=10,285.6 (4.6 IH Bonus FAR) 25.75 x 92.5 (Slightly Irregular Lot) 2,236 Lot SqFt Full Zoning Analysis Coming Soon Reach out with any questions or to receive the offering memorandum or zoning analysis once available.

Last Agent to Sell the Property

Paula Manna

Compass License #10301218393 Listed on: 07/28/2021

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1901

Lot Details

  • Lot Dimensions are 25.0 x 86.0
  • Garden

Home Design

  • Pre War Building

Interior Spaces

  • 2,931 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Community Details

  • East Williamsburg Subdivision

Listing and Financial Details

  • Legal Lot and Block 15 / 2772

Home Details

Home Type

Single Family

Year Built

Built in 1901

Lot Details

2,222 Sq Ft Lot

Listing Details

  • Cross Street: Devoe Street/Ainslie Street
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: East Williamsburg
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Living Area: 2931.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 5

Exterior Features

  • Exterior Features: Garden

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 25.0 x 86.0

Building Info

  • Total Stories: 3
  • Year Built: 1901

Tax Info

  • Tax Block: 2772
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2021
Closed on
May 3, 2022
Sold by
D'Arrigo Francesco and D'Arrigo Michelina
Bought by
Bushwick Mg Llc
Seller's Agent
Paula Manna
Compass
List Price
$3,100,000
Sold Price
$3,100,000
Current Estimated Value
$3,528,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$428,000
Avg. Annual Appreciation
3.39%
Original Mortgage
$3,270,000
Outstanding Balance
$3,079,916
Interest Rate
4.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$448,084
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Date Buyer Sale Price Title Company
Bushwick Mg Llc $3,100,000 --
Bushwick Mg Llc $3,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bushwick Mg Llc $3,270,000
Closed Bushwick Mg Llc $3,270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2022 05/03/22 Sold $3,100,000 0.0% $1,058 / Sq Ft
07/28/2021 07/28/21 For Sale $3,100,000 -- $1,058 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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
2024 -- $0 $0 $0
2023 $0 $0 $0 $0
2022 $3,481 $145,260 $26,220 $119,040
2021 $4,605 $112,140 $26,220 $85,920
2019 $4,535 $123,780 $26,220 $97,560
2018 $4,145 $21,795 $4,304 $17,491
2017 $3,894 $20,571 $4,242 $16,329
2016 $3,570 $19,407 $4,841 $14,566
2015 $2,121 $19,407 $5,013 $14,394
2014 $2,121 $19,233 $5,963 $13,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10770882

Real Estate Board of New York (REBNY)

APN: 02772-0015

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