1192 Greene Ave
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Features & amenities
Location
This three-story, three-unit building features a four-bedroom apartment on each floor, with the first-floor unit offering direct access to the backyard, while the second- and third-floor units are spacious floor-through layouts. The basement includes an additional three-bedroom apartment with two means of egress. All units are equipped with full kitchens and bathrooms and are individually metered for gas and electric, with meters, a gas boiler, and a gas water heater located in the basement.
The property represents a strong investment opportunity, as all units are free market and offer value-add potential through apartment upgrades and the installation of individual boilers and water heaters. Additional upside includes the ability to duplex the first floor with the basement to create a five-bedroom garden apartment, as well as air rights that allow for the construction of an additional unit above the third floor. The building also appeals to owner-users, who can occupy the first floor and basement while generating income from the upper levels. Located in prime Bushwick at the crossroads of Williamsburg and Bedford-Stuyvesant, the property is just three blocks from the J train at Kosciuszko Street, providing approximately 15-minute access to Manhattan.