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433 Dekalb Ave
Brooklyn, NY 11205
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Boutique four-story, eight-unit free-market rental building with strong tenant appeal.
- Fully occupied, generating stable, immediate cash flow with upside potential on lease renewals.
- Assumable Freddie Mac loan at 4% interest (17 years remaining) enhances investment value.
- Units feature efficient layouts, hardwood floors, modern kitchens and baths, and oversized windows.
- Utilities separately metered, keeping operating expenses low and NOI reliable.
- Additional 3,780 sq. ft. of FAR provides future expansion opportunities.
EXECUTIVE SUMMARY
Welcome to 433 DeKalb Avenue, a boutique four-story, eight-unit free-market rental building ideally located on the border of Clinton Hill and Bedford-Stuyvesant.
Perfect for a 1031 exchange or long-term hold, this asset offers investors stable income with upside potential. The building is fully occupied, generating consistent cash flow from day one, with additional room for rent growth as leases turn over. There is an assumable Freddie Mac loan in place at a 4% interest rate (17 years remaining) for $3.5M- sweetening the investment opportunity. There is also an additional 3780 sqft of FAR.
Units feature efficient layouts, hardwood floors, modern kitchens and baths, and oversized windows—ensuring strong tenant demand and retention. With utilities separately metered and low operating expenses, the property delivers reliable net operating income and an attractive 6% cap rate based on projected 2026 rents at the current asking price.
Situated in one of Brooklyn’s most dynamic rental markets, 433 DeKalb Avenue benefits from excellent transit access, local dining, shopping, and cultural amenities, making it a prime income-producing asset and a rare 1031 exchange opportunity.
Perfect for a 1031 exchange or long-term hold, this asset offers investors stable income with upside potential. The building is fully occupied, generating consistent cash flow from day one, with additional room for rent growth as leases turn over. There is an assumable Freddie Mac loan in place at a 4% interest rate (17 years remaining) for $3.5M- sweetening the investment opportunity. There is also an additional 3780 sqft of FAR.
Units feature efficient layouts, hardwood floors, modern kitchens and baths, and oversized windows—ensuring strong tenant demand and retention. With utilities separately metered and low operating expenses, the property delivers reliable net operating income and an attractive 6% cap rate based on projected 2026 rents at the current asking price.
Situated in one of Brooklyn’s most dynamic rental markets, 433 DeKalb Avenue benefits from excellent transit access, local dining, shopping, and cultural amenities, making it a prime income-producing asset and a rare 1031 exchange opportunity.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Hardwood Floors
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 01924-0060 | Improvements Assessment | $566,100 |
| Land Assessment | $65,250 | Total Assessment | $631,350 |
PROPERTY TAXES
Parcel Number
01924-0060
Land Assessment
$65,250
Improvements Assessment
$566,100
Total Assessment
$631,350
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