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78 Cornelia Street

Brooklyn, NY 11221
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Bed 8

Bed

Bath 6.5

Bath

SqFt3,000

Sqft

Acres0.05

Acre(Lot)

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 20 21. 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,798,000

AD Id : 89974934

MLS Id : 503999

Beds : 8

Lot Size : 0.05 Acre

Living Area Size : 3,000

Year Built : 1905

County : Kings

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Feature Features

  • Bedroom Information

    Total beds: 8

    Bathroom Information

    Full Baths: 6 Half Baths: 1

    Room Information

    Rooms Total: 16 Has Basement: Yes Basement: Finished, Full
  • Flooring Information

    Hardwood, Tile, Other
  • Interior Features

    Appliances: Gas Water Heater, Microwave, Refrigerator, Cooktop
  • Heating & Cooling

    Has Heating: Yes Heating: Baseboard, Natural Gas Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1905 Building Area Total: 3000 Stories: 3 Private Pool: No

  • Lot Information

    Lot Dimensions: 100 x 20 Lot Size Acres: 0.05 Lot Size Square Feet: 2000

  • Listing Price Information

    Listing Price: $1798000

  • Tax Information

    Tax Lot: 18 Tax Block: 3381 Annual Tax: $3929

  • Parking Information

    None
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Brooklyn Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Brooklyn MLS. All Rights Reserved.

ByOwner last updated this listing 08/29/2026 @ 04:10

MLS: 503999 LISTED BY: Daniel Gamil, RE/MAX Edge 718-612-3088 SOURCE: Brooklyn Board of REALTORS

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