The Saint Marks

618 Bushwick Avenue, Brooklyn, NY

  • For Sale $60,000,000
  • Property Type Other
  • Date Updated Apr 2, 2025

Avison Young, as the exclusive agent, is pleased to offer for sale 618 Bushwick Avenue (the “Property”), a unique 99-unit residential property located on a prominent block-end in the vibrant Bushwick neighborhood of Brooklyn. This exceptional property spans the entire block-end, connecting Bushwick Avenue, Jefferson Street, and Troutman Street.

618 Bushwick Avenue is the result of a masterful gut renovation of an 1890s brick church and school, integrated with a modern elevator building completed in 2017. Many of the units are located within the historic church and preserve its original architectural details resulting in unique unit layouts and aesthetics. The property benefits from a 35-year, Affordable New York, 421a tax abatement, which extends through 2054.

The property features approximately 490 feet of wraparound frontage at the intersection of Bushwick Avenue, Jefferson Street, and Troutman Street, with 99 residential units consisting of 7 studios, 53 one-bedroom apartments, and 39 two-bedroom apartments. Additionally, the property includes 32 on-site resident parking spaces located behind the church.

618 Bushwick Avenue represents a rare opportunity to acquire a large-scale, new construction, elevator building with robust in-place cash flow, $30 million of assumable debt at a favorable 4.004% interest rate, and significant upside potential through the lease-up of units currently rented below market value—all within one of Brooklyn’s most desirable residential neighborhoods, which is undergoing rapid rent growth.

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Highlights

  • Strong occupancy with significant upside potential
  • 35-year 421A tax abatement, expiring in 2054
  • $30 million assumable debt at an attractive 4.004% fixed interest rate, maturing in 2028
  • Prime location in the heart of Bushwick

Contacts

broker
Patrick Madigan

Avison Young - US - NY - New York

broker
Erik Edeen

Avison Young - US - NY - New York

broker
Fritz Richter

Avison Young - US - NY - New York

broker
Joseph Moran

Avison Young - US - NY - New York

broker
Miles Davis-Bosch

Avison Young

Location

Getting Around

  • Walk Score ®

    97/100 Walker's Paradise

  • Transit Score ®

    97/100 Rider's Paradise

  • Bike Score ®

    79/100 Very Bikeable
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  • City Brooklyn, NY
  • Neighborhood Bedford-Stuyvesant
  • Market Brooklyn

Points of Interest

  • Kosciuszko Street

    0.16 miles

  • Gates Avenue

    0.60 miles

  • Flushing Avenue

    0.64 miles

  • Knickerbocker Avenue

    0.71 miles

  • Dekalb Ave & Wycoff Ave - SE Corner

    0.92 miles

  • Dekalb Ave & Wycoff Ave - SW Corner

    0.92 miles

  • Stanhope St & Wycoff Ave - SW Corner

    0.93 miles

  • Dekalb Ave & Wycoff Ave - NW Corner

    0.93 miles

  • Stanhope St & Wycoff Ave - SE Corner

    0.93 miles

  • Dekalb Ave & Wycoff Ave - NE Corner

    0.94 miles

  • Pure Energy

    0.05 miles

  • Exxon

    0.20 miles

  • BP

    0.22 miles

  • Revel

    1.01 miles

  • Shell

    1.20 miles

  • Speedy Gas

    1.21 miles

  • ChargePoint

    2.19 miles

  • Tesla Supercharger

    2.29 miles

  • plugNYC

    3.26 miles

  • Blink

    3.52 miles

  • MMP Parking LLC

    0.91 miles

  • Havens Place Lot

    1.91 miles

  • Cielo Garage

    1.98 miles

  • Underhill Garage

    2.15 miles

  • Stop & Shop Parking

    2.17 miles

  • School bus parking

    2.30 miles

  • The Brooklyn Museum and Botanic Garden

    2.39 miles

  • NYPD Brooklyn Tow Pound

    2.56 miles

  • Rapid Park

    2.60 miles

  • Kings County Parking Garage

    2.69 miles

  • Artel 535

    0.27 miles

  • Holiday Inn Express

    0.29 miles

  • Hotel Bogart Street, Brooklyn

    0.64 miles

  • New York Loft Hostel

    0.67 miles

  • New York Moore Hostel

    0.75 miles

  • Marina Hotel

    0.82 miles

  • Mirage Brooklyn

    1.32 miles

  • 42 Hotel

    1.37 miles

  • Red Carpet Inn

    1.40 miles

  • Condor Hotel

    1.45 miles

  • Santa Panza

    0.04 miles

  • Cafe Ornithology

    0.06 miles

  • Jin Guang House

    0.08 miles

  • Papa John's

    0.12 miles

  • Moly

    0.13 miles

  • Mao Mao

    0.13 miles

  • Buntopia

    0.16 miles

  • Cucina Traditional Pizza House

    0.16 miles

  • Little Mo

    0.20 miles

  • China Garden

    0.20 miles

  • Public School 18

    0.22 miles

  • Public School 26

    0.22 miles

  • K385 School of Business Finance and Entrepreneurship

    0.23 miles

  • Junior High School K057 Whitelaw Reid

    0.26 miles

  • Saint Johns Preparatory School

    0.32 miles

  • Intermediate School 349

    0.47 miles

  • Public School 129

    0.48 miles

  • Junior Academy

    0.49 miles

  • Public School 304

    0.49 miles

  • Intermediate School 347

    0.49 miles

  • Tender Tots

    0.61 miles

  • People's Daycare

    0.87 miles

  • Simcha Tots

    0.96 miles

  • Our Children The Leaders of Tomorrow

    1.07 miles

  • Friends of Crown Heights Educational Center

    1.21 miles

  • Little Sun People

    1.30 miles

  • Bambi Day Care Center

    1.31 miles

  • Mi Casita

    1.31 miles

  • Little Lola & Tots

    1.36 miles

  • Nuestros Niños Child Development Center

    1.43 miles

Frequently Asked Questions

How much does The Saint Marks cost?

The space currently listed for sale at The Saint Marks asks for $60,000,000.

What is the total square footage of The Saint Marks?

The Saint Marks totals 91,366 square feet.

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