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283 Wyckoff Ave 4 Unit Apartment Building Offered at $2,600,000 at a 6.81% Cap Rate Brooklyn, NY 11237
INVESTMENT HIGHLIGHTS
- Located just 2 blocks from the M/L Myrtle- Wyckoff station
- Many shops and restaurants in the area
- Bushwick is up and coming
- Heavy foot traffic
- Great Investment Opportunity
- Corner Property
EXECUTIVE SUMMARY
Prime mixed-use corner building at 283 Wyckoff
Avenue, Brooklyn—featuring a ground-floor retail
space, four free market apartments, and two garages. Located just 2 blocks from the M/L Myrtle-
Wyckoff station, this high-visibility property
generates strong rental income with upside
potential from vacant units. Offering a CAP rate of
6.81% and NOI of $177,000, it’s a rare investment
opportunity in one of Brooklyn’s fastest-growing
neighborhoods.
Avenue, Brooklyn—featuring a ground-floor retail
space, four free market apartments, and two garages. Located just 2 blocks from the M/L Myrtle-
Wyckoff station, this high-visibility property
generates strong rental income with upside
potential from vacant units. Offering a CAP rate of
6.81% and NOI of $177,000, it’s a rare investment
opportunity in one of Brooklyn’s fastest-growing
neighborhoods.
PROPERTY FACTS
| Price | $2,600,000 | Building Class | C |
| Price Per Unit | $650,000 | Lot Size | 0.05 AC |
| Sale Type | Investment or Owner User | Building Size | 4,200 SF |
| Cap Rate | 6.81% | No. Stories | 3 |
| Sale Condition | 1031 Exchange | Year Built | 1931 |
| No. Units | 4 | Parking Ratio | 0.48/1,000 SF |
| Property Type | Multifamily | ||
| Zoning | R6,Brooklyn - R6, C1-3 | ||
| Price | $2,600,000 |
| Price Per Unit | $650,000 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.81% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,200 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Parking Ratio | 0.48/1,000 SF |
| Zoning | R6,Brooklyn - R6, C1-3 |
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Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 03329-0008 | Improvements Assessment | $285,300 |
| Land Assessment | $100,800 | Total Assessment | $386,100 |
PROPERTY TAXES
Parcel Number
03329-0008
Land Assessment
$100,800
Improvements Assessment
$285,300
Total Assessment
$386,100
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283 Wyckoff Ave
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