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Multifamily

1430 DeKalb Ave

1430 DeKalb Ave, Brooklyn, NY 11237

Listing Price: $1,550,000

Cap Rate
5.81%
Number of Units
6
Price/Unit
$258,333
Price/Gross SF
$356.32
Gross SF
4,350

Investment Overview

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 1430 Dekalb Avenue, a cash flowing six-unit rent stabilized multifamily building located just two blocks from Maria Hernadez Park. It is located within walking distance to the Central Avenue and Knickerbocker Avenue subway stations, serviced by the M line. 1430 Dekalb Avenue is between the busy retail corridors of Knickerbocker avenue and Wilson Avenue. Investors have the opportunity to purchase a strategically located, cash flowing multifamily building in the growing Bushwick section of Brooklyn where residential rents have soared over the past 10 years. The property is fully occupied and cash flowing, which will allow investors to begin returning their investment on day one. The property also has 1,725 Square feet of unused FAR which could allow investors to add more units to property if the opportunity became available. Bushwick has been described as gritty, edgy, and hip while seeing some of the strongest real estate appreciation in New York City over the last 10 years. 1430 Dekalb’s desirable location gives investors an opportunity to realize Bushwick’s next 10 years of appreciation, while collecting the in-place cash flow.

Investment Highlights

  • 4,350 SF Three-Story, Cash Flowing, Residential Building in the Heart of Bushwick
  • Features Six Two-Bedroom Apartments
  • Zoned R6
  • Protected Tax Class 2A
  • Located Within Walking Distance of the M Subway Station at Central and Knickerbocker Avenues and Two Blocks away from the Maria Hernandez Park

Exclusively Listed By

Multifamily

1430 DeKalb Ave

Listing Price: $1,550,000

Cap Rate
5.81%
Number of Units
6
Price/Unit
$258,333
Price/Gross SF
$356.32
Gross SF
4,350

Investment Highlights

  • 4,350 SF Three-Story, Cash Flowing, Residential Building in the Heart of Bushwick
  • Features Six Two-Bedroom Apartments
  • Zoned R6
  • Protected Tax Class 2A
  • Located Within Walking Distance of the M Subway Station at Central and Knickerbocker Avenues and Two Blocks away from the Maria Hernandez Park

Investment Overview

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 1430 Dekalb Avenue, a cash flowing six-unit rent stabilized multifamily building located just two blocks from Maria Hernadez Park. It is located within walking distance to the Central Avenue and Knickerbocker Avenue subway stations, serviced by the M line. 1430 Dekalb Avenue is between the busy retail corridors of Knickerbocker avenue and Wilson Avenue. Investors have the opportunity to purchase a strategically located, cash flowing multifamily building in the growing Bushwick section of Brooklyn where residential rents have soared over the past 10 years. The property is fully occupied and cash flowing, which will allow investors to begin returning their investment on day one. The property also has 1,725 Square feet of unused FAR which could allow investors to add more units to property if the opportunity became available. Bushwick has been described as gritty, edgy, and hip while seeing some of the strongest real estate appreciation in New York City over the last 10 years. 1430 Dekalb’s desirable location gives investors an opportunity to realize Bushwick’s next 10 years of appreciation, while collecting the in-place cash flow.

Exclusively Listed By

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