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  2. 78 Cornelia Street
  • 78 Cornelia Street
  • $ 1,798,000
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221

78 Cornelia Street

Bushwick   |   Bushwick Av & Evergreen Av

Building For Sale
$ 1,798,000
Ownership Multi-Family
Lot Size 20'x100'
Status Active
Real Estate Taxes [Per Annum] $ 3,929
Building Size 20'x50'
Year Built 1905
ASF/ASM 3,000/279
 

Photos

78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
78 Cornelia Street Bushwick Brooklyn NY 11221

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.
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.

Listing Courtesy of RE/MAX Edge

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775

Care to take a look at this property?

Apartment Features

A/C [Through the Wall]
Hardwood Floors
Private Entrance
Walk-in Closet
78 Cornelia Street Bushwick Brooklyn NY 11221
78 Cornelia Street Bushwick Brooklyn NY 11221

Building Details [78 Cornelia Street]

Ownership Multi-Family
Block/Lot 3381/18
Building Size 20'x50'
Zoning R6
Year Built 1905
Floors 3
Lot Size 20'x100'

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Loan Amount

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 503999