UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Bedford-Stuyvesant
MLS Listing ID 1016826
Rental Info No
Year Built 1909
Annual Tax Amount $18,174
Lot Size 2,199 Sqft
Acres 0.0505
Property Sub-Type Multi Family
Source onekey2
Property Description
Presenting a rare opportunity to acquire a well-maintained corner mixed-use building in the heart of vibrant Bushwick, Brooklyn. Located at the highly visible intersection of Knickerbocker Avenue, this income-producing asset features 6 residential units and 1 ground-floor commercial space plus 1 Garage with full basement , offering stable cash flow with long-term upside.
The property consists of 7 rent-stabilized units above a thriving street-level retail tenant, creating a diversified income stream in one of Brooklyn's most dynamic neighborhoods. Cap rate approx 5%.
Positioned on a prominent corner lot, the building benefits from exceptional visibility, strong pedestrian traffic, and convenient access to public transportation, local shops, restaurants, and neighborhood amenities.
This is an ideal opportunity for investors seeking a stable, income-producing asset in one of New York City's most sought-after submarkets. Sold as is.
Financial information, rent roll, lease details, and operating expenses are available upon request. All information is deemed reliable but should be independently verified by prospective purchasers.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Full, Storage Space
Interior
Heating Natural Gas, Radiant
Cooling None
Fireplace No
Exterior
Parking Features Garage
Utilities Available Electricity Connected, Natural Gas Connected
Total Parking Spaces 1
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Brooklyn 32
School District Brooklyn 32
Others
Special Listing Condition None
The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.