1440 Dekalb Avenue
Bushwick, NY 11237
- 12 beds
- 6 baths
- – sqft
- 2,500 sqft lot
- 1931 build
- – on site
6-Family, Classic Brick Building with Elegant Architecture In The Most Desirable Location Of Bushwick NY! All units are rent-stabilized and the property is being sold as-is condition with all tenants in place. Each floor consist of 2 apartments with the classic layout of 2 Bedrooms, Full Bath, Kitchen and Living Room. Full Expansive Basement with Utility room. First floor apartments share backyard. Close to public transportation - L train at Dekalb Station and local buses. The property presents a compelling value proposition. With a current NOI of $60,083, the property demonstrates strong financial performance, offering stability and potential for growth. Leveraging the potential NOI of $220,621 with pro forma, the property presents an enticing opportunity for savvy investors to maximize returns and capitalize on Bushwick's thriving market. Furthermore, R6 and C1-3 Zoning, this building allows further development to the building in order to meet the needs and demands of the commercial consumers by using the maximum allowable FAR. Example building developments as seen on the Dekalb avenue for inspiration. *Do not miss this great offer!!!*
Listing courtesy of ONEKEY / Prime America Real Estate Inc
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Last updated May 27, 2024
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MLS# 3551477 —
Walk Score®
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Bike Score®
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Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
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Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/14/24
May 14, 2024
|
Listed / Active | ONEKEY | $1,498,000 |