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BUSHWICK AVE<br />
CENTRAL AVE<br />
DEKALB AVE<br />
PROPERTY OVERVIEW<br />
1010 <strong>Bushwick</strong> Ave <strong>Bushwick</strong>, Brooklyn<br />
EXECUTIVE SUMMARY<br />
PROPERTY FEATURES<br />
1010 <strong>Bushwick</strong> Avenue is a partially built multi-family development centrally located in the<br />
<strong>Bushwick</strong> Submarket of Brooklyn, NY. The approved plans are for 19 residential apartments<br />
including 7 studios, 9 one bedrooms, and 3 two bedrooms. Additionally, there will be 1<br />
community facility space and 10 covered parking spaces. The gross square footage of the building<br />
will be 20,191 SF. This development has the flexibility to be either high-end rentals or a condominium<br />
building. With significant work still required to finish the building, this project provides<br />
an excellent opportunity for a developer to add substantial value. The current developers are<br />
projecting an additional $3,500,000 to complete the project.<br />
LOCATION<br />
<strong>Bushwick</strong><br />
STORIES<br />
7<br />
RESIDENTIAL UNITS<br />
19<br />
BUILDING SQ FT.<br />
20,191<br />
In the last 5 years, <strong>Bushwick</strong> has quickly become a luxurious but still affordable alternative<br />
to Williamsburg and Greenpoint. According to Bloomberg, in 2018, <strong>Bushwick</strong> had the largest<br />
percentage increase on the list of most expensive neighborhoods in all of New York City. More<br />
and more affluent young people are choosing <strong>Bushwick</strong> for its access to mass transit as well as<br />
its trendy atmosphere.<br />
LOT SQ. FT.<br />
36’ x 150’<br />
ZONING<br />
R6<br />
PARKING SPACES<br />
10<br />
ASSESSED VALUE<br />
$653,850<br />
PACKAGE PRICE: $16,250,000<br />
FAR<br />
2.43<br />
TAX CLASS<br />
2<br />
BLOCK/LOT<br />
03321/0028<br />
RE TAXES<br />
$64,842<br />
Tax map<br />
8 | Rosewood Realty Group • <strong>Offering</strong> <strong>Memorandum</strong><br />
Rosewood Realty Group • <strong>Offering</strong> <strong>Memorandum</strong> | 9
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