TerraCRG has been exclusively retained in the sale of 862 Dekalb Avenue – a new Construction mixed-use building in Bedford-Stuyvesant, Brooklyn.
The building is comprised of 28 residential units and 3 commercial units. The units have been perfectly designed for the Bed-Stuy sub-market with a good mixture of 1, 2 and 3 bedroom units some of which allow for an additional flex room.
The projected gross annual income is ~$1,053,000 with an NOI of ~$912,000. Building amenities include a tenant lounge, gym, over 70% of the building has a private or semi-private outdoor space, and all of the units have access to a huge roof deck with perfect Manhattan views.
The building is surrounded by many new luxury construction projects, as well as, several neighborhood retail hot spots which include Burley Coffee Shop, Vin de Table, Guacuco, and Julia Testa Designer Flower Shop.
The property is about three blocks from the Bedford-Nostrand G train and four blocks from the Kosciuszko J train, providing an easy commute throughout Brooklyn and to Lower Manhattan.