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100% Free Market Mixed-Use Building 287 Wyckoff St 4,110 SF 100% Leased Office Building Brooklyn, NY 11217 $3,000,000 ($729.93/SF)
Investment Highlights
- 100% Free-Market & Tax Class Protected
- Four Free-Market Residential Units
- All Units Separately Metered
- Offered at a 6.6% Capitalization Rate
- High Quality Finishes + On-Site Laundry
- Retail Leased to Dental Office
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
Sale Type
Investment
Property Type
Office
Building Size
4,110 SF
Building Class
C
Year Built
1940
Price
$3,000,000
Price Per SF
$729.93
Percent Leased
100%
Building Height
3 Stories
Typical Floor Size
1,370 SF
Building FAR
1.94
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
R6, C1-3
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 00388-0042 | Improvements Assessment | $0 |
| Land Assessment | $200,000 | Total Assessment | $200,000 |
Property Taxes
Parcel Number
00388-0042
Land Assessment
$200,000
Improvements Assessment
$0
Total Assessment
$200,000
Contacts
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Thomas Cutting -
Aden Verdun -
Matthew Cosentino -
Maria D'Angelo -
TerraCRG Brooklyn Commercial Real Estate
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