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901 DeKalb Ave
Brooklyn, NY 11221

Multifamily Property For Sale · 15 Units

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Investment Highlights

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.

Executive Summary

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.

PROPERTY FACTS

Price Per Unit	$196,667	Building Class	C
Sale Type	Investment	Lot Size	0.06 AC
No. Units	15	Building Size	6,500 SF
Property Type	Multifamily	No. Stories	4
Property Subtype	Apartment	Year Built	1931
Apartment Style	Mid Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price Per Unit	$196,667
Sale Type	Investment
No. Units	15
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid Rise
Building Class	C
Lot Size	0.06 AC
Building Size	6,500 SF
No. Stories	4
Year Built	1931
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

PROPERTY TAXES

Parcel Number	01777-0045	Improvements Assessment	$327,600
Land Assessment	$33,750	Total Assessment	$361,350

PROPERTY TAXES

Parcel Number

01777-0045

Land Assessment

$33,750

Improvements Assessment

$327,600

Total Assessment

$361,350

zoning

Zoning Code	R6A (Medium density residential district)
R6A (Medium density residential district)

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Listing ID: 29546114
Date on Market: 9/18/2023
Last Updated:
Address: 901 DeKalb Ave, Brooklyn, NY 11221

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