At the beginning of 2015, an entity known as 1003 Willoughby Associates LLC bought a lot with a two-story townhouse at 1003 Willoughby Avenue for $950K (per ACRIS). Almost exactly four years later, the four-story boutique condominium that rose on the site is celebrating its sales launch. The seven apartments within comprise a two-and-a-half-bedroom garden duplex, five one-bedroom apartments, and a one-bedroom penthouse with two private outdoor spaces.
All units have floor-to-ceiling black-framed windows, wide-plank white oak floors, energy-efficient heating and cooling systems, and in-unit washer/dryers. The open kitchens are outfitted with hammered copper farmhouse sinks, quartz countertops, high-end appliances and a weathered porcelain subway tile backsplash. Baths feature elegant marble tiles and matte black hardware. Select units have private outdoor space.
The new condominium has opened in a bustling section of Bushwick. The Central Avenue subway stop is a short walk away, and local favorites like Bushwick Bakery, Bossa Nova Civic Club, Le Garage and Precious Metal can be found on surrounding blocks. Just down the street, 894 Willoughby Avenue is completely sold out with recent sales coming to an average price of $1,065 per square foot. Sales launched at the nearby 557 Hart Street last fall, and current availabilities start at $450K.
An accepted offering plan lists a modest $4.121 million sellout, and one-bedroom apartments at 1003 Willoughby Street start at $495K. At an average price of $942 per square foot, the new building is just above the Bushwick average price of $914 per square foot (per CityRealty data).
An accepted offering plan lists a modest $4.121 million sellout, and one-bedroom apartments at 1003 Willoughby Street start at $495K. At an average price of $942 per square foot, the new building is just above the Bushwick average price of $914 per square foot (per CityRealty data).