Knickerbocker Portfolio 4 Retail Properties Offered at $15,500,000 in Brooklyn, NY

The Knickerbocker Portfolio consists of four mixed-use properties strategically positioned along the Knickerbocker Avenue corridor in Bushwick, Brooklyn. Collectively, the portfolio includes 21 total units across approximately 23,590 gross square feet and offers investors a combination of stable in-place cash flow, free-market residential exposure, and long-term upside through rent growth and future redevelopment potential. The portfolio is anchored by a mix of established retail tenancy and highly functional residential layouts within one of Brooklyn’s most active and supply-constrained rental markets.
370 Knickerbocker Avenue consists of 12 total units across approximately 10,725 square feet, including two retail units and ten free-market residential apartments. The retail component includes one occupied space leased to BK Taco Factory as well as a second fully built-out commercial space currently being marketed for lease at approximately $17,000 per month, creating immediate upside potential for an incoming investor. The residential component consists entirely of free-market one-bedroom apartments that have historically demonstrated strong occupancy and consistent tenant demand throughout the Bushwick market. The property additionally benefits from approximately 6,275 square feet of excess air rights, creating long-term redevelopment and expansion potential within one of Brooklyn’s most supply-constrained neighborhoods.
372 Knickerbocker Avenue consists of three total units across approximately 3,150 square feet, including one leased retail space and two free-market residential apartments. The ground-floor commercial unit is occupied by Wonder Beauty with a lease through 2034, while the residential component features oversized two-bedroom apartments with meaningful mark-to-market potential. The property benefits from Tax Class 1 status, helping maintain exceptionally low real estate taxes relative to comparable mixed-use buildings throughout Brooklyn. In addition, the asset includes approximately 2,350 square feet of additional development rights, creating future flexibility and embedded long-term value for ownership.
380 Knickerbocker Avenue consists of three total units across approximately 4,876 square feet, including one leased retail unit and two oversized free-market residential apartments. The ground-floor retail space is occupied by Fine Care Pharmacy with a lease through 2030, providing stable in-place commercial income along a heavily trafficked section of Knickerbocker Avenue. Above the retail space are two full-floor three-bedroom apartments spanning approximately 1,380 square feet each, offering highly functional layouts that continue to perform well within the Bushwick rental market. The property combines durable cash flow with future rental upside and also benefits from approximately 3,624 square feet of excess air rights, further enhancing the long-term investment profile of the asset.
446 Knickerbocker Avenue consists of three total units across approximately 2,990 square feet, including one retail unit leased to Dunkin’ Donuts through 2031 and two free-market residential apartments above. The Dunkin’ Donuts lease includes extension options as well as real estate tax escalations above the base year, helping provide stable and predictable cash flow while mitigating future operating expense growth. The residential component consists of two floor-through two-bedroom apartments that continue to benefit from strong rental demand throughout the Bushwick corridor.
Overall, The Knickerbocker Portfolio presents investors with the opportunity to acquire a collection of well-located mixed-use assets in one of Brooklyn’s strongest rental and retail corridors. The portfolio combines stable in-place income with clear operational upside through lease-up potential, residential mark-to-market opportunities, and long-term redevelopment optionality through excess air rights across multiple assets. With 100% free-market residential units, established commercial tenancy, favorable tax classifications, and proximity to major transportation corridors, the portfolio is positioned to benefit from the continued growth and evolution of the Bushwick market while offering investors durable cash flow and long-term appreciation potential.