735 Knickerbocker Avenue,Brooklyn, NY 11221
Brooklyn, NY 11221
Description
Prime Mixed-Use Investment OpportunityPresenting 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.
Details
| MLS # | 1017261 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1909 |
| Days On Site | 80 |
| Listing Provided By | Welhome Realty Inc | Min Xiao |
Features
| Bed(s) | 18 |
|---|---|
| Bath(s) | 7 Total |
| SQ Feet | 6,864 |
| Garage | 1 |
| Basement | Y |
| Units | 7 |
| Acreage | 0.05 |
Interior
| Cooling | None |
|---|---|
| Heating | Natural Gas, Radiant |
| Interior Features | Eat-in Kitchen |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Garage |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 487350 |
| Tax Annual Amount | 18174.28 |
Area Information
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11221 |
| School District | Academy Of Urban Planning And En |
| Elementary School | Ps 151 Lyndon B Johnson |
| High School | Academy Of Urban Planning And En |
| Listing VS Median (in 11221) | |
Price: $1,495,000 low | high Med: $1,399,000 sqft: 6,864 low | high Med: 2,052 $ / sqft: $218 low | high Med: $682 On site: 80 low | high Med: 66 | |
Market Activity 11221
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Learn More About This Property
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11221 |
| School District | Academy Of Urban Planning And En |
| Elementary School | Ps 151 Lyndon B Johnson |
| High School | Academy Of Urban Planning And En |
| Listing VS Median (in 11221) | |
Price: $1,495,000 low | high Med: $1,399,000 sqft: 6,864 low | high Med: 2,052 $ / sqft: $218 low | high Med: $682 On site: 80 low | high Med: 66 | |
