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Bushwick Multifamily Residence with Potential
For Sale
$1,280,000

510 Evergreen Ave, Brooklyn, NY 11221

Multifamily property in prime location with R6 zoning.

Property SizeContact for details
Lot Size0.05 Acres
Days on Market368

Property Features for 510 Evergreen Ave

General Information

Standard status Active
Lot size 0.05 Acres
Property subtype Land or Vacant Lot

Taxes and HOA fees

Annual Taxes $4,744
Listing Agency: SWEET KEY REALTY GROUP INC
Listed By: QUN D. LIN
Source: Corcoran
Added: Sep 15, 2025 Changed: Sep 17 Last Checked: Sep 16 at 3:56PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SWEET KEY REALTY GROUP INC

Investment Insights

Based on property information with market context.

Located in the heart of Bushwick, this multifamily residence offers an opportunity for investors, developers, or end users. The property is zoned R6, providing potential for expansion or repositioning, subject to architectural consultation. Currently configured as a multi-family residence, it offers rental income potential with room to add value. The property is situated two blocks from the J and Z train lines and is conveniently located near shopping, dining, and multiple subway lines. The property combines location, scale, and future potential in one of Brooklyn’s dynamic neighborhoods.

Key Highlights

  • Prime Bushwick location, just 2 blocks from the J/Z train.
  • R6 zoning offers FAR flexibility and development potential.
  • Strong rental income potential as a multi‑family residence.

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Travel Agency Nursing Home Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,758
Businesses Nearby

Demographics for 11221, NY

89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Multifamily property in prime location with R6 zoning.
Where is this multifamily property located?
The property is located at 510 Evergreen Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: Prime Bushwick location, just 2 blocks from the J/Z train.; R6 zoning offers FAR flexibility and development potential.; Strong rental income potential as a multi‑family residence.
More about this property
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