78 Cornelia ST, Brooklyn, NY 11221
78 Cornelia ST, Brooklyn, NY 11221
78 Cornelia ST, Brooklyn, NY 11221
78 Cornelia ST, Brooklyn, NY 11221
78 Cornelia ST, Brooklyn, NY 11221
78 Cornelia ST, Brooklyn, NY 11221
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$ 1,798,000
Est. payment | /mo

1,999 Sqft Lot


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$ 1,798,000
Est. payment | /mo
Save

1,999 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Bushwick

MLS Listing ID 1042433

Rental Info No

Year Built 1905

Annual Tax Amount $3,929

Lot Size 1,999 Sqft

Acres 0.0459

Property Sub-Type Triplex

Source onekey2

Property Description

Presenting an excellent opportunity to own a well-maintained 3-family property in the heart of Bushwick generating $11,710 per month in total rental income, or $140,520 in annual gross rent. The first-floor unit features 2 bedrooms and 2 full bathrooms, direct backyard access, split-zone heating and air conditioning, and baseboard heat, while the second- and third-floor units each offer 3 bedrooms and 2 full bathrooms, including a primary bedroom with a walk-in closet. The property also includes a spacious open-concept basement with a half bathroom, providing valuable additional space. Utilities are separately metered with 4 electric meters and 4 gas meters, including dedicated meters for each apartment and the common/public areas, and the gas boiler and hot water tank were installed in 2021. Situated on a 20' x 100' lot with R6 zoning, the property contains approximately 3,000 square feet with an actual FAR of 1.50, compared with a maximum residential FAR of 2.43, indicating approximately 4,860 square feet of maximum residential floor area and an estimated 1,860 additional buildable square feet, subject to zoning, DOB approval, and independent verification. Transportation is a major convenience, with the J train at Halsey Street minutes away, J/Z trains at Gates Avenue are nearby, J/Z trains at Chauncey Street as well as the L train at Wilson Avenue and the M train at Knickerbocker Avenue, providing multiple options for convenient travel throughout Brooklyn and into Manhattan. With a desirable three-family configuration, spacious multi-bath layouts, separate utilities, strong existing rental income, excellent transit access, and potential unused development rights, this property presents a compelling opportunity for investors or owner-occupants alike. Property is being sold as-is. All information is deemed reliable but is not guaranteed.

Location

State NY

County Kings (brooklyn)

Rooms

Basement Finished, Full, See Remarks, Walk-Out Access

Interior

Interior Features Open Floorplan, Other

Heating Baseboard, Natural Gas, Other

Cooling Ductless, Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features None

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected

Garage false

Building

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

Schools

Elementary Schools Contact Agent

Middle Schools Call Listing Agent

High Schools Contact Agent

School District Contact Agent

Others

Senior Community No

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by RE/MAX Edge • Ruslan Mingazov

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78 Cornelia ST