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22 Patchen Ave
Brooklyn, NY 11221
Multifamily Property For Sale
·
7 Units
Executive Summary
22 Patchen Avenue – Newly Renovated Market-Rate Rentals
Introducing a fully reimagined boutique rental building at 22 Patchen Avenue in the heart of Bed-Stuy/Bushwick. This beautifully renovated asset offers 7 thoughtfully designed residences, blending modern finishes with classic Brooklyn character.
Unit Mix:
6 One-Bedroom Apartments
1 Two-Bedroom Apartment with private yard access
Each residence features updated kitchens, contemporary bathrooms, and clean, minimalist design—ideal for today’s renter seeking both comfort and style.
Highlights:
Full gut renovation
Bright, well-proportioned layouts
High Ceilings
Modern finishes throughout
Boutique scale (7 total units)
Strong market-rate positioning in a high-demand neighborhood
Transportation:
Convenient access to multiple subway lines:
J / Z trains at Kosciuszko Street
A / C trains at Utica Avenue
G train at Myrtle–Willoughby
Seamless connectivity to Downtown Brooklyn, Williamsburg, and Manhattan.
Introducing a fully reimagined boutique rental building at 22 Patchen Avenue in the heart of Bed-Stuy/Bushwick. This beautifully renovated asset offers 7 thoughtfully designed residences, blending modern finishes with classic Brooklyn character.
Unit Mix:
6 One-Bedroom Apartments
1 Two-Bedroom Apartment with private yard access
Each residence features updated kitchens, contemporary bathrooms, and clean, minimalist design—ideal for today’s renter seeking both comfort and style.
Highlights:
Full gut renovation
Bright, well-proportioned layouts
High Ceilings
Modern finishes throughout
Boutique scale (7 total units)
Strong market-rate positioning in a high-demand neighborhood
Transportation:
Convenient access to multiple subway lines:
J / Z trains at Kosciuszko Street
A / C trains at Utica Avenue
G train at Myrtle–Willoughby
Seamless connectivity to Downtown Brooklyn, Williamsburg, and Manhattan.
Property Facts
| Price Per Unit | $407,143 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.87% | Lot Size | 0.04 AC |
| Gross Rent Multiplier | 11.93 | Building Size | 3,600 SF |
| No. Units | 7 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1931/2026 |
| Zoning | R6B - As a contextual district, buildings developed in R6B Zoning must comply with Quality Housing Program Regulations. | ||
| Price Per Unit | $407,143 |
| Sale Type | Investment |
| Cap Rate | 6.87% |
| Gross Rent Multiplier | 11.93 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 3,600 SF |
| Average Occupancy | 0% |
| No. Stories | 4 |
| Year Built/Renovated | 1931/2026 |
| Zoning | R6B - As a contextual district, buildings developed in R6B Zoning must comply with Quality Housing Program Regulations. |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Intercom
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Recycling
- Trash Pickup - Curbside
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $3,700 | 700 |
| 1+1 | 6 | $2,700 | 500 |
Property Taxes
| Parcel Number | 01612-0048 | Improvements Assessment | $301,050 |
| Land Assessment | $81,000 | Total Assessment | $382,050 |
Property Taxes
Parcel Number
01612-0048
Land Assessment
$81,000
Improvements Assessment
$301,050
Total Assessment
$382,050
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