841 DEKALB AVENUE

For Sale - Brooklyn - Bedford-Stuyvesant / Bed Stuy

$4,750,000

Net Operating Income: Contact Agent

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Key Details

Property Type
MultiFamily
Neighborhood
Bedford-Stuyvesant / Bed Stuy
Property Dimensions
22.0 x 100.0
Property Area
6,425 sq.ft.
Total Units:
8
Stories:
5
NOI
Contact Agent
Price
$4,750,000
Price Per Unit
$593,750
Cap Rate
-%

Listing Description

Avison Young has been exclusively engaged by Ownership to offer for sale 841 Dekalb Avenue, Brooklyn, NY (“the Property”) located between Marcus Garvey Boulevard and Throop Avenue in the Bedford-Stuyvesant neighborhood of Brooklyn. The property was recently redeveloped and benefits from being fully fair market, 100% occupied, tax class 2B, and a UDAAP Tax Benefit program beneficiary.

The property is five (5) stories and 6,425 square feet. It consists of eight (8) fair market residential units featuring high-end finishes, including marble countertops in the kitchens, hardwood flooring, in-unit washer/dryers, oversized windows, and extensive light and air. The unit breakdown is six (6) two-bedrooms, one of which is a duplex with a private landscaped garden, one (1) penthouse three-bedroom duplex, and one (1) one-bedroom. Building amenities include a communal roof deck and a virtual doorman.

The property is ideal for an investor seeking a stabilized, high-quality, multifamily property with strong in-place cash flow, as well as capital appreciation upside due to its location in an increasingly vibrant and popular neighborhood that continues to attract investor interest and experience capital inflows.

Property Details

Block/Lot:
1777/69
Lot Dimensions
22.0 x 100.0
Lot Area
2,200 sq.ft
Zoning:
R6A
FAR as Built:
1.5
Max FAR:
3.0
Brandon PolakoffAvison Young
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