Mixed-Use

354 Knickerbocker Ave

354 Knickerbocker Ave, Brooklyn, NY 11237

Listing Price: $1,750,000

Cap Rate
5.40%
Number of Units
3
Occupancy
100.00%
Price/Unit
$583,333
Price/Gross SF
$333.33
Gross SF
5,250

Investment Overview

Marcus and Millichap is pleased to offer for sale 354 Knickerbocker Ave, Brooklyn, NY ( Block & Lot: 03246-0032) and is zoned R6, C1-3. The subject property is located near the southwest corner of Knickerbocker Ave and Stockholm St and is near the Knickerbocker Ave M and DeKalb L line Train Stops. The lot dimensions are 25 ft. x 100 ft.(2,500 SF) and the building size 25 ft. x 55 ft. The 3 floors total 5,250 gross square feet. The residential floors host two 3-bedroom, 1-bathroom box style apartments. This is an opportunity for an investor to acquire a property and renovate the units to bring them to market rates for tenants with a demand for luxury housing in the Bushwick market.

Investment Highlights

  • Ground Floor Commercial Space is Fully Built-Out to Lot Line.
  • Large Basement Currently Used By Commercial Tenant.
  • Two Large 3-Bedroom, 1-Bathroom Units with Front and Back Facing Layouts.
  • Newly Installed Boiler and Hot Water Tank.
  • Centered on Busy Retail Corridor Alongside Major National Brands.

Exclusively Listed By

Financing By

Listing Price: $1,750,000

Cap Rate
5.40%
Number of Units
3
Occupancy
100.00%
Price/Unit
$583,333
Price/Gross SF
$333.33
Gross SF
5,250

Investment Highlights

  • Ground Floor Commercial Space is Fully Built-Out to Lot Line.
  • Large Basement Currently Used By Commercial Tenant.
  • Two Large 3-Bedroom, 1-Bathroom Units with Front and Back Facing Layouts.
  • Newly Installed Boiler and Hot Water Tank.
  • Centered on Busy Retail Corridor Alongside Major National Brands.

Investment Overview

Marcus and Millichap is pleased to offer for sale 354 Knickerbocker Ave, Brooklyn, NY ( Block & Lot: 03246-0032) and is zoned R6, C1-3. The subject property is located near the southwest corner of Knickerbocker Ave and Stockholm St and is near the Knickerbocker Ave M and DeKalb L line Train Stops. The lot dimensions are 25 ft. x 100 ft.(2,500 SF) and the building size 25 ft. x 55 ft. The 3 floors total 5,250 gross square feet. The residential floors host two 3-bedroom, 1-bathroom box style apartments. This is an opportunity for an investor to acquire a property and renovate the units to bring them to market rates for tenants with a demand for luxury housing in the Bushwick market.

Exclusively Listed By

Financing By

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