550 Hart Street

550 Hart St Bushwick, Brooklyn, NY 11221

$3,100,000
Price
11
Beds
6
Baths
5,250 Sq. Ft.
$590 / Sq. Ft.
5,250
Sq. Ft.
$590
per Sq. Ft.

Property Details for 550 Hart Street

StatusActive
Year Built1931
DOM190
Compass TypeMulti Family
MLS Type-
Lot Size2,437 SF / 25' x 98'
Taxes$798.5 / month
Maintenance-
Minimum Down Payment10%
CountyKings County

Building

550 Hart St

4 Units3 StoriesBuilt in 1931

Listing Agent

Contact Agent(s)

Description

Excellent Investment opportunity in East Bushwick! Located exactly where your renters want to be, close to everything!.
Conveniently 5 min walk to M train Central Ave Station or 8 Min walk to MJZ trains at Myrtle Ave station. Currently, set up as a 4 family building but could potentially be converted back to its original set up of a 6 family building. Building size 25 feet x 70 feet giving you a 5,250 square footage. The building sits on a lot of 25 feet x 97.5 feet. The current layout is as follow:
...
1st-Floor (owners duplex and backyard)
2nd Floor has 2 units - 2R (Lease Expires 11.15.19) 2F(Lease Expires 9.1.19
3rd Floor is a 1 unit.
It has a current cap rate of 3.59% with a potential cap rate of 4.56% All units are in very good condition and have split units installed in order to save owner costs. All offers must be presented with a pre-approval or proof of funds. Don't miss out on the chance to own ideal 4 family building with the close proximity of Williamsburg and Lower Manhattan.

Amenities

FourplexWalk Up

Location

Listing Agents

  1. Isabel Guevara

    Listing Agent

    Compass

  2. Roy Guevara

    Listing Agent

    Compass

Building Information for 550 Hart Street

Stories3Residences4Year Built1931Building Size1,750 SF / 25' x 70'Lot Size2,437 SF / 25' x 98'Building Age-Building Type-

Payment Calculator

$13,342 per month

30 year fixed, 3.51% Interest

Principal and Interest

$12,544

Property Taxes

$799

HOA Dues

$0

Similar Homes

Property History for 550 Hart Street

DateEvent & SourcePriceAppreciationLink
Apr 15, 2019Listed (Active)

Manual #43c2168018421fc7d8c83019b6676b5116f92daa

$3,100,000
Apr 5, 2006Sold (Public Records)

ACRIS #2006041101378001

$750,000
DateEvent & SourcePrice
04/15/2019
Listed (Active)

Manual #43c2168018421fc7d8c83019b6676b5116f92daa

$3,100,000
04/05/2006
Sold (Public Records)

ACRIS #2006041101378001

$750,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 550 Hart Street

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
EBC High School for Public Service-BushwickPublic9-120.1 mi
3
Bushwick Leaders High School For Academic ExcellencePublic9-120.1 mi
2
Ps 274 KosciuskoPublicPK-50.2 mi
5
St Frances Cabrini SchoolPrivatePK-80.3 mi
NR

EBC High School for Public Service-Bushwick

9-12, 0.1 mi, Public

3

Bushwick Leaders High School For Academic Excellence

9-12, 0.1 mi, Public

2

Ps 274 Kosciusko

PK-5, 0.2 mi, Public

5

St Frances Cabrini School

PK-8, 0.3 mi, Private

NR

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Bushwick
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Similar Homes

550 Hart Street is a multi-family home for sale in Bushwick, Brooklyn, NY 11221. This property was listed for sale on April 15, 2019 by Compass at $3,100,000. It has been on the market for a total of 190 days and was last sold on April 5, 2006. Nearby schools include Math, Eng, Science Academy Charter High, Is 347 School Of Humanities and Bushwick Ascend Charter School. 550 Hart Street is a 11-bed, 6-bath, 5,250 sqft multi-family home built in 1931.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.
All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY