Oppurtunity in Bushwick. Estate Property
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Presently configured as a two family home with yard and basement.
Bring along your contractor and architect to re-imagine the configuaration.
The property is also in an R6 zoning allowing for expansion with a residential FAR of 2.43 and up to 4,556 buildable square feet.
Property is also steps to the Aberdeen St and Bushwick Avenue station of the L train.
Bushwick, a neighborhood in the borough of Brooklyn, borders Ridgewood (Queens), Williamsburg, and Bedford-Stuyvesant. Bushwick, an industrial stronghold in Brooklyn, is considered a comparable (not to mention less expensive) alternative to nearby Williamsburg. Bushwick straddles both its historically Hispanic roots and the evolving artist scene to create a vibe entirely its own.
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more