293 Wyckoff Ave 6 Unit Apartment Building $2,500,000 ($416,667/Unit) 7.30% Cap Rate Brooklyn, NY 11237

293 Wyckoff Avenue offers investors the opportunity to acquire a fully occupied, income-producing mixed-use property in the heart of Bushwick—one of Brooklyn’s most active and sought-after rental markets. The building consists of four free-market residential apartments and two ground-floor commercial spaces, delivering a diversified and stable revenue stream.

The residential component is comprised entirely of free-market two-bedroom railroad apartments, all currently leased and generating strong in-place rents with clear upside through repositioning and natural turnover. The property is fully occupied, allowing for immediate cash flow from day one.

The commercial portion features two retail spaces, including an established tattoo parlor and an additional vacant storefront for lease, providing long-term income stability with growth potential.

Spanning approximately 4,275 square feet, the building benefits from an efficient operating profile with a low expense ratio and tenant-paid utilities, contributing to strong net operating income. The asset is currently achieving a 7.3% cap rate, with upside to a 7.7% pro forma cap rate.

Positioned near the Myrtle-Wyckoff transit hub, the property provides convenient access to multiple subway lines, major retail corridors, and neighborhood amenities. Additionally, the property includes approximately 1,372 square feet of unused air rights, offering future development or expansion potential within an R6, C1-3 zoning district.