Commercial For Sale - Multi Family
$899,999
5 BA

Size

Baths
5
Stories
3
Interior
4,725 Sq Ft
Exterior
2,500 Sq Ft

Financial

Price
$899,999
Annual Taxes
$11,726

Listing Details

Sale or Lease
Sale
Year Built
1931

Description

1646 Dekalb Avenue, Brooklyn, NY 11237

Located at 1646 DeKalb Avenue in the heart of Bushwick, this classic 6-family brick building presents a rare opportunity to acquire a stabilized, income-producing asset in one of Brooklyn's most dynamic and rapidly evolving neighborhoods. Built in 1931, the property spans approximately 4,725 square feet across three stories on a 25 x 100 lot, offering both solid fundamentals and long-term upside potential. The building consists of six well-proportioned residential units, each configured with two bedrooms and one full bathroom—an in-demand layout that continues to attract steady tenancy. Five of the six units are currently tenant-occupied, with one owner-occupied unit providing immediate flexibility for an end-user or future rent optimization. The property is rent-stabilized, making it an ideal addition to a portfolio focused on consistent, reliable cash flow. A partially finished basement with a separate entrance adds additional value, offering potential for storage, laundry, or other ancillary uses. Positioned in a prime Bushwick location, the property benefits from exceptional connectivity and neighborhood amenities. The nearby Myrtle-Wyckoff Avenues Station is approximately a 6-8 minute walk, providing direct access to both the L and M subway lines. Residents can reach Downtown Brooklyn in roughly 20-25 minutes and Midtown Manhattan in about 25-30 minutes, making this an attractive option for commuters. The surrounding area offers a vibrant mix of lifestyle conveniences. Outdoor recreation is easily accessible at Maria Hernandez Park, a neighborhood staple just minutes away. Daily needs are met with nearby grocery options like Food Bazaar Supermarket, while popular coffee shops such as Variety Coffee Roasters and a diverse selection of restaurants and bars contribute to the area's energetic appeal. Additional nearby conveniences include local pharmacies, urgent care centers, and the United States Post Office. With a Walk Score of 96, this location is truly a "walker's paradise," where tenants enjoy immediate access to everything they need without reliance on a car. Combining strong in-place income, a desirable unit mix, and a prime location in one of Brooklyn's most sought-after rental markets, 1646 Dekalb Avenue represents a compelling investment opportunity with both stability and growth potential.

Features

  • 220 Volts
  • Brick
  • Eat-in Kitchen
  • Gas Oven
  • Gas Range
  • Large Bedrooms
  • None
  • Public Sewer
  • Refrigerator
  • Steam
  • Storage
  • Tub/Shower
1646 Dekalb Avenue, Brooklyn, NY 11237

Listing Office: Robert DeFalco Realty, Inc.