1440 DeKalb Ave - Apartments FOR SALE


Brooklyn, NY 11237- Bushwick
$1,298,000 USD
347-725-3142
1440 DeKalb Ave, Brooklyn, NY for Sale
$1,298,000 USD
Apartments - FOR SALE
1/14
null | 4.63% Cap Rate

1440 DeKalb Ave
Brooklyn, NY 11237
Bushwick


HIGHLIGHTS

  • Exceptional investment income producing building
  • Great location close to public transportation and amenities
  • Financials available per request
  • Rent stabilized building 100% occupied
  • Close to public transportation - L train at Dekalb Station and local buses.

OVERVIEW

Welcome to 1440 Dekalb Avenue, an exceptional investment opportunity nestled in the vibrant heart of Bushwick, New York. This captivating 6-family classic brick building, spanning an impressive 6,800 sqft across three stories plus basement, stands as a testament to timeless elegance and potential. With its desirable R6, C1-3 zoning, this property not only offers immediate rental income from its stable tenant base but also presents exciting prospects for future development. Investors can explore the possibilities of utilizing additional air rights, expanding the existing structure, or converting floors and the basement into lucrative commercial spaces. Each floor of this meticulously maintained building comprises two thoughtfully designed apartments, all rent-stabilized and featuring spacious layouts with three bedrooms, a full bath, a kitchen, and a generous living room area. The basement further adds to the property's appeal, providing ample space for customization or additional amenities. Beyond its inherent charm and income-generating potential, 1440 Dekalb Avenue benefits from its prime location, offering convenient access to public transportation options including the nearby L train at Dekalb Station and local bus routes, ensuring seamless connectivity to the rest of the city. Moreover, with an asking price of just $191 per sqft, this property represents a compelling opportunity to invest in Bushwick's rich history while simultaneously shaping its future. Whether you're a seasoned investor seeking immediate returns or looking to capitalize on the neighborhood's burgeoning commercial hubs in nearby East Williamsburg, 1440 Dekalb Avenue offers limitless possibilities for growth and prosperity. Don't miss your chance to become part of Bushwick's dynamic landscape.

FOR SALE DETAILS

PRICE

$1,298,000 USD

PRICE/SF

$255 USD /SF

# OF UNITS

6

PRICE/UNIT

$216,333

CAP RATE

4.63%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,500 SF

ZONING

R6, C1-3

APN/PARCEL ID

03246-0024

ASK ABOUT THIS PROPERTY

Siddhartha LamaPrime America Real Estate, Inc.More Info
347-725-3142

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Siddhartha LamaPrime America Real Estate, Inc.More Info
347-725-3142

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.