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1293 Bushwick Avenue, Brooklyn, NY, 11207 | $3,500,000
Rare opportunity to acquire a corner assemblage at 1293–1295 Bushwick Avenue in the heart of Bushwick, Brooklyn. This package includes two contiguous properties totaling approximately 4, 000 square feet of land, offering exceptional development potential in a rapidly growing corridor. Located within an R6 zoning district, the site provides the ability to build approximately 9, 700+ buildable square feet (subject to architect and zoning verification). The corner configuration allows for enhanced design flexibility, increased natural light, and strong retail frontage—ideal for a mixed-use development with ground-floor commercial space and residential units above. This prime location benefits from strong rental demand, proximity to transportation, and a vibrant neighborhood filled with restaurants, cafes, and local businesses. Bushwick continues to see significant residential and commercial growth, making this an attractive opportunity for developers and investors seeking long-term upside. Highlights: Corner property with excellent visibility Approx. 4, 000 SF total lot (package deal) R6 zoning with substantial buildable potential Ideal for mixed-use development High-demand Bushwick location Close to transit, retail, and neighborhood amenities A rare chance to secure a scalable development site in one of Brooklyn’s most active markets.
Features
- Style: Duplex
- Year Built: 1931
- Heating: Natural Gas, Other
- Cooling: Wall/Window Unit(s)
- Basement: Bilco Door(s)
- Acreage: 0.05
- Est. Taxes: $2,581
- Elem. School: Contact Agent
- High School: Contact Agent
- School District: Contact Agent
- MLS#: 996816
- Days on Market: 1 day
- Website: https://www.raveis.com
/eprop/996816/1293bushwickavenue_brooklyn_ny?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
1293 Bushwick Avenue, Brooklyn, NY, 11207
$3,500,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,800,000 | $2,800,000 | $2,800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $215 | $215 | $215 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $15,898 | $17,240 | $23,628 |
| Total Monthly Payment | $16,238 | $17,580 | $23,968 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535