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1430 Dekalb Avenue

PROPERTY METRICS

  • Property Size 4,350
  • Cap Rate 5.81%
  • Price / sq ft $356
  • Price $1,550,000
  • Property Type Multifamily
  • Address 1430 Dekalb Ave
  • City Brooklyn
  • State NY
  • Zip 11237

PROPERTY DETAILS

The Nowak Group of Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 1430 Dekalb Avenue, a cash flowing six-unit rent stabilized multifamily building located just two blocks from Maria Hernadez Park. It is located within walking distance to the Central Avenue and Knickerbocker Avenue subway stations, serviced by the M line. 1430 Dekalb Avenue is located between the busy retail corridors of Knickerbocker Avenue and Wilson Avenue.

Investors have the opportunity to purchase a strategically located, cash flowing multifamily building in the growing Bushwick section of Brooklyn where residential rents have soared over the past 10 years. The property is fully occupied and cash flowing, which will allow investors to begin returning their investment on day one. The property also has 1,725 Square feet of unused FAR which could allow investors to add more units to property if the opportunity became available.

Bushwick has been described as gritty, edgy, and hip while seeing some of the strongest real estate appreciation in New York City over the last 10 years. 1430 Dekalb’s desirable location gives investors an opportunity to realize Bushwick’s next 10 years of appreciation, while collecting the in-place cash flow.

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