1075 Willoughby Ave
1075 Willoughby Ave is a three-story, three-unit multifamily building in Bushwick, Brooklyn, offered at $2,200,000. The property is positioned as a value-add investment with multiple paths to enhance returns: renovate the free-market units, convert the first-floor apartment and basement into a five-bedroom garden duplex, or leverage available air rights to add a fourth unit above the third floor. The building is fully occupied and situated just three blocks from the M train at Central and Myrtle Avenues, providing direct access to Manhattan in approximately 15 minutes.
Built in 2005, the 3,600 SF building on a 2,000 SF lot (R6 zoning) comprises a three-bedroom, two-bathroom unit on the first floor with backyard access, and two four-bedroom, two-bathroom floor-through apartments on the upper floors. All units feature full kitchens and bathrooms with separate gas and electric meters, individual gas boilers, and water heaters. The property also suits an owner-user strategy, allowing an occupant to live on the first floor and basement while collecting rent from the upper-level apartments.
- Three-unit multifamily in prime Bushwick, three blocks from M train
- Multiple value-add strategies: unit renovation, duplexing, air-rights development
- Owner-user opportunity with basement and first-floor residence
- All units separately metered with individual heating and hot water
- 100% occupied; R6 zoning supports density expansion
More property details
Location & transit
Transit/Subway
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Airport
This three-story multifamily property features three residential units, including a three-bedroom, two-bathroom apartment on the first floor with access to the backyard, along with two floor-through apartments on the second and third floors, each offering four bedrooms and two bathrooms. All units include full kitchens and bathrooms, separate gas and electric meters, and individual gas boilers and water heaters, with the meters located in the basement. The property presents an investment opportunity with potential to add value by renovating the free-market apartments over time. Additional possibilities include duplexing the first-floor apartment with the basement to create a five-bedroom garden duplex and utilizing the available air rights to construct an additional unit above the third floor. The building also offers an owner-user opportunity, allowing an occupant to reside on the first floor and in the basement while generating rental income from the upper-level apartments. Situated in prime Bushwick, near the Williamsburg and Bedford-Stuyvesant neighborhoods, the property is conveniently located just three blocks from the M train at Central and Myrtle Avenues, providing approximately 15-minute access to the city.
Transit data provided by Google. Times and distances are estimates.