Well-Maintained & Corner Mixed-Use Building For Sale

$3,495,000

313 Knickerbocker Avenue, Brooklyn, NY 11237

For Sale

Mixed Use

Active

Last Updated: 02/05/2025

NOI: $221,165

Building Size: 8,375 sqft

Units: 10

Zoning: R6B / C1-3

Charismatic Presence: 25’ x 100’ corner mixed-use building located on Hart Street and Knickerbocker Avenue.
125’ of Wraparound Frontage: on Bushwick’s primary retail / mixed-use corridor.
Meticulously Maintained: Recent major updates throughout apartments and commons areas.
Well Located: Steps from Maria Hernandez Park and just two blocks from both L & M trains.
Excellent Light and Air: Large residential units with bright corner exposure.
Owner-User Opportunity: Retail units will be delivered vacant.
Cashflowing: $340,000 gross income with a $220K+ NOI, offering a 6.3% Cap Rate at our Ask.
Unit Status: Two (2) retail units, one (1) free-market and seven (7) rent-regulated apartments.
Unit Mix: Three (3) 1BR, four (4) 2BR, and one (1) 3BR.
Tax Protected: Tax Class 2B limits tax increases to no more than 8% a year, or 30% over 5 years

	Title
	Offering Memorandum

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