1365 Dekalb Ave
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1365 Dekalb Ave
6 Unit Apartment Building $1,050,000 ($175,000/Unit) 5.67% Cap Rate Brooklyn, NY 11221
Executive Summary
Semi-attached six-unit building Located in prime Bushwick
Total building size: 4,500 sq ft
Lot dimensions: 25 x 90.5 (2,263 sq ft)
Actual gross annual income: $94,557.72
Units:
1R: Section 8 tenant
2R: Rent paid through HRA since 2023 (2 year lease)
3R: Free-market unit (month-to-month)
1L, 2L, 3L: Rent-stabilized units
Free market unit is fully renovated, including a new dishwasher and washer/dryer.
2A Tax Class: Capped annual tax increases
5.67 Actual cap rate.
6.81 Potential cap rate.
Steps away from the L and M trains, restaurants, shops, cafes, bars and many conveniences.
Total building size: 4,500 sq ft
Lot dimensions: 25 x 90.5 (2,263 sq ft)
Actual gross annual income: $94,557.72
Units:
1R: Section 8 tenant
2R: Rent paid through HRA since 2023 (2 year lease)
3R: Free-market unit (month-to-month)
1L, 2L, 3L: Rent-stabilized units
Free market unit is fully renovated, including a new dishwasher and washer/dryer.
2A Tax Class: Capped annual tax increases
5.67 Actual cap rate.
6.81 Potential cap rate.
Steps away from the L and M trains, restaurants, shops, cafes, bars and many conveniences.
Property Facts
| Price | $1,050,000 | Building Class | C |
| Price Per Unit | $175,000 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 4,125 SF |
| Cap Rate | 5.67% | No. Stories | 3 |
| No. Units | 6 | Year Built | 1931 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $1,050,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 5.67% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,125 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
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Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 03234-0047 | Improvements Assessment | $468,450 |
| Land Assessment | $30,600 | Total Assessment | $499,050 |
PROPERTY TAXES
Parcel Number
03234-0047
Land Assessment
$30,600
Improvements Assessment
$468,450
Total Assessment
$499,050
zoning
| Zoning Code | R6 |
| R6 |
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1365 Dekalb Ave
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