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1430 Dekalb Ave
Brooklyn, NY 11237
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Turnkey Opportunity: Well-maintained building with upgraded utilities allowing for little to no short-term capital improvement requirements.
- Premier Location: Located in the heart of Bushwick, this property is 2 blocks from Maria Hernandez Park and half a block away from Knickerbocker Avenu
- Transit-Oriented Location: Located 2-3 blocks from Knickerbocker Avenue M-Line and Dekalb Avenue L-Train.
- Low Basis: Priced at $252 per SF—below the trailing 12 month year-to-date average of $290 per SF for Bushwick Multifamily.
- Tax Class Protection: Designated as a 2A Tax Class property, capping tax increases at 8% annually or 30% over five years.
Executive Summary
Broker of Record
Cory Rosenthal
License # 10991237833, 10311210106 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Cory Rosenthal
License # 10991237833, 10311210106 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Property Facts
| Price Per Unit | $183,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 7% | Building Size | 4,350 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R6 - R6 is a medium-density residential zoning district. | ||
| Price Per Unit | $183,333 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,350 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Opportunity Zone |
Yes |
| Zoning | R6 - R6 is a medium-density residential zoning district. |
Property Taxes
| Parcel Number | 03246-0019 | Improvements Assessment | $456,750 |
| Land Assessment | $4,950 | Total Assessment | $461,700 |
Property Taxes
Parcel Number
03246-0019
Land Assessment
$4,950
Improvements Assessment
$456,750
Total Assessment
$461,700
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