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Mixed-Use

287-295 Wyckoff Ave

287-295 Wyckoff Ave, Brooklyn, NY 11237

Listing Price: $9,450,000

Cap Rate
6.41%
Number of Units
22
Occupancy
100.0%
Price/Unit
$429,545
Price/Gross SF
$554.84
Gross SF
17,032

Investment Overview

Marcus & Millichap is pleased to offer 287-295 Wyckoff Avenue, a portfolio of four contiguous three-story buildings that consist of eighteen apartments and 4 retail units, between Grove Street and Linden Street in the Bushwick section of Brooklyn, New York. 287 Wyckoff Avenue contains four three-bedroom apartments and one retail unit, built 25 feet by 54 feet and sits on a 25 foot by 84.25 foot lot. (Block: 3329, Lot: 6) 291 Wyckoff Avenue contains three two-bedroom apartments, one two-bedroom duplex, and one three bedroom duplex, built 25 feet by 58 feet and sits on a 25 foot by 103.42 foot lot. (Block: 3329, Lot: 5) 293 Wyckoff Avenue four two-bedroom apartments and two retail units, built 25 feet by 57 feet and sits on a 25 foot by 102.67 foot lot. (Block: 3329, Lot: 4) 295 Wyckoff Avenue four three-bedroom apartments and one retail unit, built 25 feet by 56 feet and sits on a 25 foot by 101.83 foot lot. (Block: 3329, Lot: 3) The four properties total approximately 17,000 gross square feet and are zoned R6/C1-3 allowing for approximately 6,900 square feet to 30,245 square feet of available air rights. This property offers investors the rare opportunity to purchase four contiguous protected tax class mixed use buildings two blocks away from the “L” train in the heart of Bushwick, Brooklyn, NY.

Investment Highlights

  • Four Contiguous Protected Tax Class Mixed Use Buildings in the Heart of Bushwick
  • Ten Minute Subway Commute into Manhattan | Two Blocks to "L" & "M" Subway Lines
  • There are 12 Free Market Apartments | 6 Rent Regulated Apartments

Exclusively Listed By

Mixed-Use

287-295 Wyckoff Ave

Listing Price: $9,450,000

Cap Rate
6.41%
Number of Units
22
Occupancy
100.0%
Price/Unit
$429,545
Price/Gross SF
$554.84
Gross SF
17,032

Investment Highlights

  • Four Contiguous Protected Tax Class Mixed Use Buildings in the Heart of Bushwick
  • Ten Minute Subway Commute into Manhattan | Two Blocks to "L" & "M" Subway Lines
  • There are 12 Free Market Apartments | 6 Rent Regulated Apartments

Investment Overview

Marcus & Millichap is pleased to offer 287-295 Wyckoff Avenue, a portfolio of four contiguous three-story buildings that consist of eighteen apartments and 4 retail units, between Grove Street and Linden Street in the Bushwick section of Brooklyn, New York. 287 Wyckoff Avenue contains four three-bedroom apartments and one retail unit, built 25 feet by 54 feet and sits on a 25 foot by 84.25 foot lot. (Block: 3329, Lot: 6) 291 Wyckoff Avenue contains three two-bedroom apartments, one two-bedroom duplex, and one three bedroom duplex, built 25 feet by 58 feet and sits on a 25 foot by 103.42 foot lot. (Block: 3329, Lot: 5) 293 Wyckoff Avenue four two-bedroom apartments and two retail units, built 25 feet by 57 feet and sits on a 25 foot by 102.67 foot lot. (Block: 3329, Lot: 4) 295 Wyckoff Avenue four three-bedroom apartments and one retail unit, built 25 feet by 56 feet and sits on a 25 foot by 101.83 foot lot. (Block: 3329, Lot: 3) The four properties total approximately 17,000 gross square feet and are zoned R6/C1-3 allowing for approximately 6,900 square feet to 30,245 square feet of available air rights. This property offers investors the rare opportunity to purchase four contiguous protected tax class mixed use buildings two blocks away from the “L” train in the heart of Bushwick, Brooklyn, NY.

Exclusively Listed By

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