Brooklyn is one of the shining examples of New York’s crazy strong real estate market, where prices seem to have no limit. Case in point: this three-family townhouse in Bushwick, a neighborhood typically known for cheap rents and warehouse loft apartments, that is asking $1.25 million. Sure, this pad—located at 1108 Madison Street, off the Gates Avenue J train—is nice, but that’s a lot of money. It’s even more surprising to know that the seller purchased it only two years ago, in May of 2013, for $633,000. From $633K to $1.25M in two years…that’s Brooklyn real estate for you!
Bushwick real estate
Many people know Bushwick as the Brooklyn neighborhood of artists and lofty warehouse apartments. But Bushwick Avenue is also home to many historic mansions built in the 19th century. This Renaissance Revival property at 716 Bushwick Avenue is one of them. The large mansion is decked out with many historic touches– woodwork, fireplaces, parquet floors–but it also pays tribute to Bushwick’s rebirth as an artist destination. (You won’t believe the graffiti work on display in the basement.) To buy a home that embodies both old world and new world Bushwick, it’s going to cost $1.98 million.
In November 2013 Girls star Zosia Mamet (you may know her as Shosanna) and her boyfriend, actor Evan Jonigkeit, purchased a multi-family house at 896 Flushing Avenue in Bushwick (of course she wanted to live in the world’s seventh coolest neighborhood) for a little over $1 million. The couple had planned to convert the entire 2,500-square-foot home as one single-family dwelling, but less than a year after moving in it’s back on the market, now asking $1.6 million.