Log In/Sign Up
Your email has been sent.
100% Free Market Mixed-Use Building 287 Wyckoff Ave 5 Unit Apartment Building $3,000,000 ($600,000/Unit) Brooklyn, NY 11237
Investment Highlights
- High Quality Finishes + On-Site Laundry
- Four Free-Market Residential Units
- All Units Separately Metered
- Approximately 4,110 SF Three Stories + Full Cellar
- Offered at a 6.6% Capitalization Rate
- 100% Free-Market & Tax Class Protected
Executive Summary
TerraCRG is pleased to exclusively represent ownership in the sale of 287 Wyckoff Avenue, a fully occupied five-unit mixed-use investment property located in the heart of Bushwick on Wyckoff Avenue between Grove Street and Linden Street.
Spanning approximately 4,110 square feet across three stories plus a cellar, this building offers four free-market residential apartments and one ground-floor retail space. Amenities include keyless entry, on-site laundry, and separately metered, renovated apartments. Ridgewood Dental Care occupies the ground-floor retail. Its Tax Class Protected status delivers favorable tax treatment while preserving free-market residential income.
Offered at an asking price of $3,000,000, the property is projected to deliver an attractive 6.6% capitalization rate, presenting investors with immediate cash flow from a turnkey asset.
Located in one of Brooklyn's strongest rental markets, the property is well positioned to benefit from the continued growth and transformation of Bushwick, including the arrival of Bushwick’s first Whole Foods Market, further enhancing the neighborhood's retail offerings and long-term investment appeal.
With its fully occupied tenancy, free-market residential income, established retail occupancy, and prime location along one of Bushwick's most active commercial corridors, 287 Wyckoff Avenue represents a rare opportunity to acquire a stabilized mixed-use asset with durable cash flow and long-term appreciation potential.
Spanning approximately 4,110 square feet across three stories plus a cellar, this building offers four free-market residential apartments and one ground-floor retail space. Amenities include keyless entry, on-site laundry, and separately metered, renovated apartments. Ridgewood Dental Care occupies the ground-floor retail. Its Tax Class Protected status delivers favorable tax treatment while preserving free-market residential income.
Offered at an asking price of $3,000,000, the property is projected to deliver an attractive 6.6% capitalization rate, presenting investors with immediate cash flow from a turnkey asset.
Located in one of Brooklyn's strongest rental markets, the property is well positioned to benefit from the continued growth and transformation of Bushwick, including the arrival of Bushwick’s first Whole Foods Market, further enhancing the neighborhood's retail offerings and long-term investment appeal.
With its fully occupied tenancy, free-market residential income, established retail occupancy, and prime location along one of Bushwick's most active commercial corridors, 287 Wyckoff Avenue represents a rare opportunity to acquire a stabilized mixed-use asset with durable cash flow and long-term appreciation potential.
Property Facts
| Price | $3,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $600,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| No. Units | 5 | Building Size | 4,110 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1931 |
| Zoning | R6/C1-3 | ||
| Price | $3,000,000 |
| Price Per Unit | $600,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,110 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R6/C1-3 |
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 03329-0006 | Improvements Assessment | $348,750 |
| Land Assessment | $47,700 | Total Assessment | $396,450 |
Property Taxes
Parcel Number
03329-0006
Land Assessment
$47,700
Improvements Assessment
$348,750
Total Assessment
$396,450
Contacts
-
Thomas Cutting -
Aden Verdun -
Matthew Cosentino -
Maria D'Angelo -
TerraCRG Brooklyn Commercial Real Estate
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
