228, 230, 234, 236 Evergreen Avenue
BEST & FINAL | Multifamily | 2-Family Portfolio | Built 2011
Marketing description
Matthew Peters & Hunter Fleming, with The Peters Team at Marcus & Millichap, are pleased to present the Exclusive Listing to four (4) contiguous 2-Family properties located at 228-236 Evergreen Avenue in the Bushwick section of Brooklyn, NY, 11221.
Layout:
228 Evergreen:
•2 Apartments – (2,760 SF)
•Unit 1 –1-bedroom & Office/Small Bedroom, 1.5-bathroom | Duplex w/ Lower-Level Rec Room w/ natural light (3rd Bedroom), Private Walkout Backyard & In-Unit Washer/Dryer
•Unit 2 - 4-bedroom, 2-bathroom | Duplex w/ In-Unit Washer/Dryer
•Private finished Walk-Up Roof Terrace
230 Evergreen:
•2 Apartments – (2,760 SF)
•Unit 1 - 1-bedroom & Office/Small Bedroom, 1.5-bathroom | Duplex w/ Lower-Level Rec Room w/ natural light (3rd Bedroom), Private Walkout Backyard & In-Unit Washer/Dryer
•Unit 2 - 4-bedroom, 2-bathroom | Duplex & In-Unit Washer/Dryer
•Private finished Walk-Up Roof Terrace
234 Evergreen:
•2 Apartments – (3,000 SF)
•Unit 1 –True - 2-bedroom, 1.5-bathroom | Duplex w/ Lower-Level Rec Room (3rd Room) & In-Unit Washer/Dryer Skylight in Bedrooms | Large Layout
•Unit 2 - 4-bedroom, 2-bathroom | Duplex w/ Terrace & In-Unit Washer/Dryer
•Private finished Walk-Up Roof Terrace
236 Evergreen:
•2 Apartments – (3,637 SF) - Corner Building
•Unit 1 –True - 2-bedroom, 2-bathroom | Duplex w/ Lower-Level Rec Room (3rd Room), Private Backyard & In-Unit Washer/Dryer | Large Layout
•Unit 2 - 4-bedroom, 2.5-bathroom | Duplex & In-Unit Washer/Dryer
•Private finished Walk-Up Roof Terrace
Investment Opportunity:
•4 separate tax lots | 8 Free Market Apartment Units, Ready to Be Converted Into Condos
•Constructed in 2011 with Tenants Responsible for Own Utilities | No Common Areas
•Exempt from Good Cause Eviction until 2041 - Buildings were constructed after 2009.
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Location:
•Bordering Williamsburg & Northern Bed-Stuy | Ranked “Hottest” Neighborhoods in the Country
•Short Walk to the (J | Z | M) Train Lines
•Short Walk to Bushwick & East Williamsburg's trendiest Shops & Restaurants (page 24)
Investment highlights
- Prime Location: Corner building in Bushwick, bordering Williamsburg.
- Free Market Asset: (4) contiguous buildings totaling (8) free market residential units.
- Modern Construction: Built in 2011 with high-quality finishes and modern layouts.
- Future-Proof Investment: Exempt from Good Cause Eviction until 2041.
- Condo Conversion Ready: Ideal opportunity for a seamless condominium conversion. Each unit has its own private entrance.
- Spacious Duplex Units: Large 2- and 4-bedroom layouts, each approximately 1,300 SF, most with multiple bathrooms.
- Private Outdoor Spaces: Majority of units feature private balconies, terraces, or gardens.
- Recent Upgrades: Units have been continuously updated between 2020 and 2025.
- Low Property Taxes: Within Tax Class 1, which is protected from significant tax hikes.
- Value Opportunity: Attractive low price per building and price per square foot, offering strong upside potential
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