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868 Wyckoff Ave 868 Wyckoff Ave 6 Unit Apartment Building $2,495,000 ($415,833/Unit) 6.30% Cap Rate Brooklyn, NY 11237
INVESTMENT HIGHLIGHTS
- Corner Mixed-Use Building in Bushwick | 4 Apartments + 2 Stores Spanning 5,400 Above Grade SF on a 20' x 100' Lot
- Hard-Corner of Wyckoff Avenue and Jefferson Avenue | Halsey Street L-Train and Myrtle-Wyckoff Transit Hub
- Retail Repositioning with Cash Flowing Apartments | Retail will be Delivered Vacant
- Rapidly Transitioning Retail Corridor | Bordering Ridgewood Submarket
EXECUTIVE SUMMARY
Marcus & Millichap - New York Multifamily is excited to present 868 Wyckoff Avenue, a prime six-unit mixed-use asset located on the Bushwick/Ridgewood border. This well-maintained property features four spacious free market residential units—each comprised of large two-bedroom apartments, convertible to three-bedroom layouts—alongside two ground-floor commercial units, both currently vacant, offering immediate retail repositioning. The building totals 5,400 gross square feet (4,590 net) on a 20 x 100 ft lot, with R6 zoning and designated tax class 2A.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,495,000 | Property Subtype | Apartment |
| Price Per Unit | $415,833 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.30% | Lot Size | 0.05 AC |
| Gross Rent Multiplier | 11.36 | Building Size | 5,400 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1931 |
| Zoning | R6 - R6 | ||
| Price | $2,495,000 |
| Price Per Unit | $415,833 |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| Gross Rent Multiplier | 11.36 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,400 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R6 - R6 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 4 | - | 765 |
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | 03386-0055 | Improvements Assessment | $446,400 |
| Land Assessment | $5,850 | Total Assessment | $452,250 |
PROPERTY TAXES
Parcel Number
03386-0055
Land Assessment
$5,850
Improvements Assessment
$446,400
Total Assessment
$452,250
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868 Wyckoff Ave | 868 Wyckoff Ave
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