Log In/Sign Up
Your email has been sent.
430 Bleecker St
Brooklyn, NY 11237
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Fully occupied 6-unit residential building in Bushwick, Brooklyn.
- Located steps from Myrtle Avenue and the L and M subway lines for easy Manhattan access.
- Positioned in a high-demand rental market with long-term growth potential.
- Strong in-place income with net operating income of $92,684 annually.
- Surrounded by a thriving mix of restaurants, shops, and neighborhood amenities.
Executive Summary
430 Bleecker Street presents an exclusive opportunity to acquire a fully occupied, six-unit residential building in the vibrant Bushwick neighborhood of Brooklyn. This 3-story walkup spans approximately 5,355 square feet and sits on a 2,550-square-foot lot. The property is configured with six rent-stabilized apartments, providing stable, long-term income for investors seeking a secure asset in a high-demand rental market.
Located near the intersection of Bleecker Street and Cypress Avenue, the building offers exceptional connectivity to local amenities, including restaurants, cafes, markets, and retail shops. Residents benefit from proximity to Myrtle Avenue and convenient access to the L and M subway lines, ensuring strong tenant retention and consistent rental demand.
With a net operating income of approximately $92,684 and an asking price of $1,200,000, this property offers an attractive capitalization rate and long-term upside in one of Brooklyn’s most dynamic neighborhoods. Investors will appreciate the combination of stable cash flow, favorable zoning, and the continued growth trajectory of Bushwick as a residential and cultural hub.
Located near the intersection of Bleecker Street and Cypress Avenue, the building offers exceptional connectivity to local amenities, including restaurants, cafes, markets, and retail shops. Residents benefit from proximity to Myrtle Avenue and convenient access to the L and M subway lines, ensuring strong tenant retention and consistent rental demand.
With a net operating income of approximately $92,684 and an asking price of $1,200,000, this property offers an attractive capitalization rate and long-term upside in one of Brooklyn’s most dynamic neighborhoods. Investors will appreciate the combination of stable cash flow, favorable zoning, and the continued growth trajectory of Bushwick as a residential and cultural hub.
Property Facts
| Price Per Unit | $200,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.72% | Lot Size | 0.06 AC |
| No. Units | 6 | Building Size | 5,355 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1931 |
| Zoning | R6, Brooklyn - Medium density residential district | ||
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 7.72% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,355 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R6, Brooklyn - Medium density residential district |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
Property Taxes
| Parcel Number | 03312-0022 | Improvements Assessment | $561,150 |
| Land Assessment | $7,200 | Total Assessment | $568,350 |
Property Taxes
Parcel Number
03312-0022
Land Assessment
$7,200
Improvements Assessment
$561,150
Total Assessment
$568,350
1 of 15
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
