735 Knickerbocker AVE Brooklyn, NY 11221
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Bedford-Stuyvesant
MLS Listing ID 1017261
Bedrooms 18
Full Baths 7
Rental Info No
Year Built 1909
Annual Tax Amount $18,174
Lot Size 2,199 Sqft
Acres 0.0505
Property Sub-Type Triplex
Source onekey2
Property Description
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.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Full, Storage Space
Interior
Interior Features Eat-in Kitchen
Heating Natural Gas, Radiant
Cooling None
Fireplace No
Exterior
Parking Features Garage
Garage Spaces 1.0
Utilities Available Electricity Connected, Natural Gas Connected
Total Parking Spaces 1
Garage true
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 151 Lyndon B Johnson
Middle Schools Evergreen Ms-Urban Exploration
High Schools Brooklyn 32
School District Brooklyn 32
Others
Senior Community No
Special Listing Condition None
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