--- title: "994 WILLOUGHBY Avenue, New York City, NY 11221" description: "994 WILLOUGHBY Avenue, New York City, NY 11221 — Townhouse in Bushwick, Brooklyn, NY. Listing Price $1,289,000. In contract 5/19/2026. 6 bed, 3 bath, 880 sqft Illustrative Buyer Commission Share of $19,335 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11221/994-willoughby-avenue-ny-11221" source: "Real Estate Rebate Team" status: "Pending" --- # 994 WILLOUGHBY Avenue, New York City, NY 11221 Townhouse in Bushwick, Brooklyn, NY Courtesy of Douglas Elliman Real Estate ## At a Glance - **Listing Price**: $1,289,000 - **Status**: In contract 5/19/2026 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 6 - **Baths**: 3 - **Sqft**: 880 - **Monthly Taxes**: $217 / mo - **Price per Sqft**: $1,465 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $1,289,000 - **Illustrative Buyer Commission Share**: -$19,335* - **Illustrative Net Cost**: $1,269,665 *Illustrative Buyer Savings of $19,335 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Property Overview Introducing 994 Willoughby Avenue, a classic turn-of-the-century brick townhouse constructed in 1901, located on a vibrant residential block in the heart of Bushwick, nestled between Central Avenue and Evergreen Avenue. Spanning approximately 3,607 square feet, this legal two-family home presents a compelling opportunity for end-users, investors, and developers alike, offering scale, flexibility, and exceptional upside in one of Brooklyn's most dynamic neighborhoods. Currently configured as a two-family residence, the home offers a well-laid-out first-level unit featuring two bedrooms, one full bathroom, and a third additional room positioned off the kitchen that can be ideally utilized as a home office, nursery, or flexible bonus space. This unit enjoys direct access to a private backyard measuring approximately 25 feet in width, creating a seamless indoor-outdoor connection that is perfect for entertaining or everyday enjoyment. The ground level also includes a semi-finished lower level with multiple recreation areas, mechanical space, storage, and interior access to the garage, offering excellent flexibility for workspace, hobbies, or additional living use. The second-level residence consists of a spacious three-bedroom, one-bath layout, complemented by a fourth additional room that can easily function as a home office, along with the convenience of an in-unit washer and dryer. From this level, a staircase leads to a full attic spanning approximately 695 square feet, featuring vaulted ceilings and offering a compelling opportunity to duplex and create a significantly larger living space or a dramatic primary suite. Throughout the home, original character and practical functionality come together seamlessly. The property features beautiful parquet hardwood flooring, classic wood detailing, and a charming brick facade that enhances its curb appeal. The semi-finished basement showcases exposed wooden beams and provides multiple recreation rooms, further expanding the usable footprint of the home. Ceiling heights, as reflected in the provided floor plan, include approximately 7'0" ceilings on the ground level, 9'9" ceilings on the first floor, 9'3" ceilings on the second floor, and approximately 7'5" ceiling height within the attic, creating comfortable proportions across each level. Additional property highlights include a highly sought-after curb cut and private garage-an increasingly rare amenity in this part of Brooklyn-along with a front yard component and multiple access points throughout the home. The backyard extends generously beyond the structure, offering ample outdoor space to design and customize. From an investment and development standpoint, the property is situated within an R6 zoning district, offering a residential FAR of 2.2 and a facility FAR of 4.8. With approximately 1,615 square feet of unused FAR and a maximum buildable of 5,225 square feet, the opportunity to expand the existing structure or pursue a potential condominium development is substantial. The building measures 22 feet by 40 feet and sits on a 25-foot by 95-foot lot, providing an excellent footprint for those looking to maximize value and reimagine the space. Bushwick continues to thrive as one of Brooklyn's most sought-after neighborhoods, known for its vibrant arts scene, acclaimed dining, and ever-evolving cultural landscape. Convenient access to public transportation, local cafes, shops, and neighborhood amenities further enhances the appeal of this prime location. With its combination of size, layout, rare features, and significant development potential, 94 Willoughby Avenue offers a unique opportunity to create something truly special. Whether envisioned as a customized residence, income-producing asset, or future development project, the possibilities here are both extensive and exciting. Select images are virtually staged and decluttered. ## Property Details - **Property Type**: Multi Family - **Beds**: 6 - **Baths**: 3 - **Rooms**: 19 - **Sqft**: 880 sqft - **Stories**: 2 - **Year Built**: 1901 - **Price per Sqft**: $1,465 - **Monthly Taxes**: $217 / mo - **Listed On**: May 6, 2026 - **Days on Market**: 130 Days ### Residence Features - Washer Hookup - In Unit - Assigned - Garage - Smoke Free - Washer Dryer Allowed ### Building Amenities - Assigned - Garage ## Sales Evidence ### How this price compares The median closed price for comparable house sales in Bushwick is $1,680,000, based on 36 sales between October 2021 and September 2026. This home is asking $1,289,000, $391,000 below that median. The middle half of those sales closed between $1,425,000 and $1,900,000. - **Median closed price**: $1,680,000 - **Middle half**: $1,425,000 – $1,900,000 - **Based on**: 36 house sales in Bushwick - **Period**: October 2021 – September 2026 - **Median $/ft²**: $511/ft² Across the 26 of these sales with a published asking price, the median closed at 98.1% of what it originally asked. 65% of them closed below the original ask. A house is not part of a building of comparable apartments, so this benchmark is drawn from house sales across Bushwick. Apartment sales are excluded from it entirely. ### How these sales were negotiated - **Sold vs original ask**: 98.1% of the original ask - **Closed below ask**: 65% of 26 sales - **Listed → in contract**: 90 days (about 13 weeks) - **In contract → closed**: 70 days (about 10 weeks) Across the 26 of these sales with a published asking price, the median closed at 98.1% of what it originally asked. 65% of them closed below the original ask. Half of these homes were in contract within 90 days (about 13 weeks) of coming to market, based on the 30 with a recorded listing date. Once a deal was agreed, closing took a further 70 days (about 10 weeks), based on the 30 with both dates recorded. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Based on 36 house sales in Bushwick, October 2021 – September 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 994 WILLOUGHBY Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/994-willoughby-avenue) ## Price and Property History for 994 WILLOUGHBY Avenue Review the recorded listing activity for 994 WILLOUGHBY Avenue, including asking-price changes and prior market dates. - **Entered contract**: May 19, 2026 | Date | Price | Listing event | | --- | --- | --- | | May 19, 2026 | $1,289,000 | Entered contract | | May 6, 2026 | $1,289,000 | Listed for sale by Douglas Elliman Real Estate | ## Property Tax History Taxes at 994 WILLOUGHBY Avenue were $2,797 in 2026, up 5.9% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $102,060 | $14,520 | $87,540 | $13,927 | $2,797 | 20.085% (estimated) | | 2025 (FY 2025/26) | $90,600 | $14,520 | $76,080 | $13,146 | $2,640 | 20.085% (estimated) | | 2024 (FY 2024/25) | $106,560 | $14,520 | $92,040 | $13,145 | $2,640 | 20.085% | | 2023 (FY 2023/24) | $126,780 | $14,520 | $112,260 | $13,004 | $2,612 | 20.085% | | 2022 (FY 2022/23) | $127,020 | $14,520 | $112,500 | $12,287 | $2,495 | 20.309% | | 2021 (FY 2021/22) | $107,040 | $14,520 | $92,520 | $11,606 | $2,317 | 19.963% | | 2020 (FY 2020/21) | $97,320 | $14,520 | $82,800 | $10,955 | $2,305 | 21.045% | | 2019 (FY 2019/20) | $87,660 | $14,520 | $73,140 | $10,954 | $2,319 | 21.167% | | 2018 (FY 2018/19) | $10,837 | — | — | $10,837 | $2,267 | 20.919% | | 2017 (FY 2017/18) | $10,239 | — | — | $10,239 | $2,087 | 20.385% | | 2016 (FY 2016/17) | $9,672 | — | — | $9,672 | $1,934 | 19.991% | | 2015 (FY 2015/16) | $9,129 | — | — | $9,129 | $1,785 | 19.554% | | 2014 (FY 2014/15) | $9,129 | — | — | $9,129 | $1,749 | 19.157% | | 2013 (FY 2013/14) | $9,031 | — | — | $9,031 | $1,733 | 19.191% | | 2012 (FY 2012/13) | $8,533 | — | — | $8,533 | $1,584 | 18.569% | | 2011 (FY 2011/12) | $8,060 | — | — | $8,060 | $1,467 | 18.205% | | 2010 (FY 2010/11) | $7,608 | — | — | $7,608 | $1,321 | 17.364% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 3032070009. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 994 WILLOUGHBY Avenue 994 WILLOUGHBY Avenue, Brooklyn, NY 11221 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1901 - **Total Units**: 1 - **Floors**: 2 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/994-willoughby-avenue) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11221/994-willoughby-avenue-ny-11221) | 6 | 3 | 880 sqft | $1,465 | $1,289,000 — In contract | Douglas Elliman Real Estate | May 6, 2026 | 129 days | ## Estimated Monthly Payment **$6,735 / month**, assuming a 20% down payment ($257,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $6,518 - **Property Taxes**: $217 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Bushwick Overview of Bushwick [Explore Bushwick](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bushwick) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Bushwick - [Ridgewood real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/ridgewood) - [Williamsburg real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/williamsburg) - [Crown Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/crown-heights) - [Glendale real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/glendale) - [Cypress Hills real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/cypress-hills) ## Related Links - [994 WILLOUGHBY Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/994-willoughby-avenue) - [Bushwick neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bushwick) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.