Prime Mixed Use Investment Opportunity Presenting a rare opportunity to acquire a well maintained corner mixed use building in the heart of vibrant Bushwick, Brooklyn.


Property

Website:https://www.nestseekers.com/5588083
Address:
New York, NY 11221
Ownership: For Sale
Type: Unknown
Bedrooms: 18 BR
Bathrooms: 7
Lot Size: 0.1 Acres

Financials

Price:$1,495,000
Annual Taxes:$18,174.28

Description

Prime Mixed-Use Investment Opportunity 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. It features: - All residential units are rent Stabilized (3 bedrooms with 1 bath per unit) - One apartment and garage are VACANT. - Cap rate approx 5%. The property consists of 6 rent-stabilized units above a thriving street-level retail tenant, creating a diversified income stream in one of Brooklyn’s most dynamic neighborhoods. 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.

Amenities

  • Eat-in Kitchen
  • Electricity Connected
  • Natural Gas Connected

Contact

578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Welhome Realty Inc