522 Evergreen Avenue

For Sale$4,100,000

522 Evergreen Avenue, Brooklyn, NY 11221

  • Multi-Family

522 Evergreen Avenue, Brooklyn, NY 11221 - Multi-Family Space

522 Evergreen Avenue is located at 522 Evergreen Avenue in the Bushwick neighborhood, NY, Brooklyn, 11221. The Multi-Family building was completed in 2019 and features a total of 5,612 Sqft.

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Details

  • Sale Price $4,100,000
  • City Brooklyn
  • Neighborhood Bushwick
  • Zip Code 11221
  • Market Brooklyn
  • Property Type Multi-Family
  • Property Size 5,612 Sqft
  • Lot Size 0.06 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 2019
  • Date Updated 15 Nov, 2019

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Description

Ariel Property Advisors is pleased to present 522 Evergreen Avenue, a newly-constructed, eight-unit multifamily building located on the south side of Evergreen Avenue between Woodbine Street and Palmetto Street in the Bushwick area of Brooklyn.

Built in 2019, this 25-foot-wide, four-story building encompasses eight residential units across 5,612 rentable square feet. The unit mix consists of two ground-floor, spacious duplex units and six one-bedroom units. This newly constructed building is turn-key and boasts top of the line, luxury finishes throughout. All units are appointed with full amenities including stainless steel appliances and full-size washers/dryers. Both duplex units enjoy back yard access while units on floors two through four have private balconies. Each unit has separate metering for water and electric. The property also benefits from a 35-year tax exemption with associated rent and income restrictions for units 2A, 3A, and 4A. Please inquire for more information.

522 Evergreen is located in a desirable area of Bushwick that offers close proximity to public transportation, and walkability to the many restaurants, cafes, and nightlife places that Bushwick is known for. Just two blocks from the J and Z train located at the Gates Avenue Station and a short walk to the L train located at the Wykoff/Myrtle Avenues Station commuters can get into Manhattan within 30 minutes.

In addition, the property will continue to benefit from the proposed Bushwick Rezoning that will encourage future development through upzoning.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 522 Evergreen Avenue?

522 Evergreen Avenue totals 5,612 square feet.

When was this property built?

522 Evergreen Avenue was built in 2019.

Bushwick Demographics

The average household income in zip code 11221 is $72,291, from a total of 30,871 households. In terms of employment, there are 84.25 % white-collar and 15.75 % blue-collar jobs in zip code 11221.

Population

  • Total Population103,315
  • Male Population(48.4 %) 50,024
  • Female Population(51.6 %) 53,291
  • Median Age31.00

Income/Financial

  • Average Household Income$65,160
  • Median Household Income$43,698
  • Median Income Under 25$55,794
  • Median Income 25-44$64,141
  • Median Income 45-64$43,664
  • Median Income Over 65$23,575

Commercial Brokers Register now to add listings

Matthew L. Gillis

Ariel Property Advisors

(212) 544-9500 x 42

Matthew Davis

Ariel Property Advisors

(212) 544-9500 x 24

Sean R. Kelly

Ariel Property Advisors

(212) 544-9500 x 59