287 Wyckoff Ave - Apartments FOR SALE


Brooklyn, NY 11237- Bushwick
$3,000,000 USD
847-440-6875
287 Wyckoff Ave, Brooklyn, NY for Sale
$3,000,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

287 Wyckoff Ave
Brooklyn, NY 11237
Bushwick


HIGHLIGHTS

  • High Quality Finishes + On-Site Laundry
  • Approximately 4,110 SF Three Stories + Full Cellar
  • Four Free-Market Residential Units
  • Offered at a 6.6% Capitalization Rate
  • All Units Separately Metered
  • 100% Free-Market & Tax Class Protected

OVERVIEW

TerraCRG is pleased to exclusively represent ownership in the sale of 287 Wyckoff Avenue, a fully occupied five-unit mixed-use investment property located in the heart of Bushwick on Wyckoff Avenue between Grove Street and Linden Street. Spanning approximately 4,110 square feet across three stories plus a cellar, this building offers four free-market residential apartments and one ground-floor retail space. Amenities include keyless entry, on-site laundry, and separately metered, renovated apartments. Ridgewood Dental Care occupies the ground-floor retail. Its Tax Class Protected status delivers favorable tax treatment while preserving free-market residential income. Offered at an asking price of $3,000,000, the property is projected to deliver an attractive 6.6% capitalization rate, presenting investors with immediate cash flow from a turnkey asset. Located in one of Brooklyn's strongest rental markets, the property is well positioned to benefit from the continued growth and transformation of Bushwick, including the arrival of Bushwick’s first Whole Foods Market, further enhancing the neighborhood's retail offerings and long-term investment appeal. With its fully occupied tenancy, free-market residential income, established retail occupancy, and prime location along one of Bushwick's most active commercial corridors, 287 Wyckoff Avenue represents a rare opportunity to acquire a stabilized mixed-use asset with durable cash flow and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$741 USD /SF

# OF UNITS

5

PRICE/UNIT

$600,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Free Market Mixed-Use Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,118 SF

ZONING

R6/C1-3

APN/PARCEL ID

03329-0006

ASK ABOUT THIS PROPERTY

Thomas CuttingTerraCRG Brooklyn Commercial Real EstateMore Info
847-440-6875

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Thomas CuttingTerraCRG Brooklyn Commercial Real EstateMore Info
847-440-6875

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.