New Construction Elevator
999 Willoughby Ave, Brooklyn, NY 11221
18-unit building in Bushwick with potential for free market rents.
Type:Multifamily
Property size:
12,750 SF- Added:
- Feb 4, 2026
- Days on Market:
- 96
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 999 Willoughby Ave
General Information
- Standard status
- Active
- Size
- 12,750 SF
- Property subtype
- Multifamily
Listing agent Matt Cosentino License #NY 10301205679
Listing office TerraCRG
Listing date Feb 4, 2026
Source Crexi
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 TerraCRG
HighLights
- New construction, 18‑unit elevator building in a prime Bushwick location.
- Significant income upside potential when units convert to free market rents (estimated ~$953,000/year).
- 421‑A tax abatement in place until June 30, 2026.
- Good Cause Eviction does not apply.
- Includes desirable amenities: indoor parking garage, gym, on‑site laundry, roof deck with Manhattan views, and bike storage.
- Mix of spacious one‑bedroom (all over 730 SF) and two‑bedroom units, including penthouse units with large terraces.
Overview
This 22,000 SF new construction elevator building contains 18 units and is located on Willoughby Avenue in Bushwick. The property includes 10 two-bedroom units, including two penthouse units with large terraces, and 8 one-bedroom units, all exceeding 730 SF. The building features an indoor parking garage, gym, on-site laundry, roof deck with Manhattan skyline views, and bike storage. The property has a 421-A abatement that expires June 30, 2026, after which all units will revert from Rent Stabilized to Free Market. Good Cause Eviction does not apply to this building because it has a C of O dated after 2009. The building currently has a gross income of $707,756 per year, with potential market rents estimated at approximately $953,000 per year when the units revert to Free Market. The property is located in close proximity to the L & M Subway lines, Maria Hernandez Park, and various restaurants, bars, and music venues.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Peaches & Eggplants
Clothing & Fashion Store
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.929212
- Latitude
- 40.698979
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 18-unit building in Bushwick with potential for free market rents.
Where is this apartment building located?
The property is located at 999 Willoughby Ave Brooklyn, NY.
What are key features of this property?
This property features: New construction, 18‑unit elevator building in a prime Bushwick location.; Significant income upside potential when units convert to free market rents (estimated ~$953,000/year).; 421‑A tax abatement in place until June 30, 2026.
