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1511 DeKalb Ave 6 Unit Apartment Building $1,395,000 ($232,500/Unit) 7% Cap Rate Brooklyn, NY 11237

Apartment Buildings New York Brooklyn 1511 DeKalb Ave, Brooklyn, NY 11237

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Investment Highlights

  • Two of the six units are renovated, free market, and under-leased, with estimated 6-10% rent roll upside from those units alone
  • Protected tax class 2A
  • Low basis at just ~$250 per SF and a 7%+ Cap rate.
  • Download linked OM which contains current and projected rent rolls.

Executive Summary

Broker of Record
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550

Property Facts

Price $1,395,000 Building Class C
Price Per Unit $232,500 Lot Size 0.06 AC
Sale Type Investment Building Size 4,275 SF
Cap Rate 7% Average Occupancy 100%
No. Units 6 No. Stories 3
Property Type Multifamily Year Built 1931
Property Subtype Apartment Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style Low-Rise
Zoning R6
Price $1,395,000
Price Per Unit $232,500
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 4,275 SF
Average Occupancy 100%
No. Stories 3
Year Built 1931
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning R6

Links

1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (96)
What is a Walk Score®, Transit Score® & Bike Score®?
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measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Property Taxes

Parcel Number 03236-0046 Improvements Assessment $443,700
Land Assessment $4,950 Total Assessment $448,650

Property Taxes

Parcel Number
03236-0046
Land Assessment
$4,950
Improvements Assessment
$443,700
Total Assessment
$448,650
(914) 584-7422

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 38625113

  • Date on Market: 12/2/2025

  • Last Updated:

  • Address: 1511 DeKalb Ave, Brooklyn, NY 11237

More public record information on 1511 DeKalb Ave, Brooklyn, NY 11237

The Bushwick Multifamily Property at 1511 DeKalb Ave, Brooklyn, NY 11237 is currently available. Contact Matthews Real Estate Investment Services for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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1511 DeKalb Ave
(914) 584-7422 x

1511 DeKalb Ave

DJ Johnston
(914) 584-7422

Bryan Kirk
(313) 402-0917

Evan Kashanian
(914) 561-8609

Robert Moore
(631) 807-4131

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