901 DeKalb Ave
Brooklyn, NY 11221

Multifamily Property For Sale · 15 Units

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
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

PROPERTY TAXES

ZONING

Zoning Code R6A (Medium density residential district)
  • Listing ID: 29546114

  • Date on Market: 9/18/2023

  • Last Updated:

  • Address: 901 DeKalb Ave, Brooklyn, NY 11221