735 Knickerbocker AvenueBrooklyn, NY 11221

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. The property consists of 7 rent-stabilized units above a thriving street-level retail tenant, creating a diversified income stream in one of Brooklyn’s most dynamic neighborhoods. Cap rate approx 5%. 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.

Property Information

Property type

Commercial Sale

Sub-type

Multi Family

Year built

1909

Building area

6,864 Sq Ft

Lot size

0.05 acres

Parking spaces

1

Days on market

87

MLS^® Listing#

1016826

Property Features

Cooling

None

Heating

Natural Gas · Radiant

Basement

Full · Storage Space

Parking

Garage

Construction

Brick

Utilities

Natural Gas Available · Electricity Connected · Natural Gas Connected

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$18,174

Assessed value

$487,350

Parcel number

03399-0010