14 Unit Free Market Mixed-Use Building in Prime Bedford-Stuyvesant
Market Price
901 Dekalb Avenue, Brooklyn, NY 11221
7.08
Cap Rate
208,940
NOI
Details:
Description:
Investment Highlights
• 4-story mixed-use building with 2 commercial units & 12 studio apartments
• The 2 commercial spaces are leased to a Vape Shop and Diaz Electronics - both are on MTM leases
• Entirely Free-Market and not subject to rent stabilization
• Located on the north side of Dekalb Avenue between Throop Avenue & Marcus Garvey Boulevard
• Of the 12 studio apartments, 9 are vacant with the 3 remaining on MTM leases creating a value add opportunity for investors
• All units are individually metered and tenants pay their expenses
• Rents in the neighborhood for studios are averaging north of $2,350/month
• Easy access to transportation with the G train a short walk away at the Myrtle-Willoughby station and the B38 bus located on the same block as the property
Documents:
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