325 1/2 Stockholm Street - Apartments FOR SALE


Brooklyn, NY 11237- Bushwick
$1,550,000 USD
718-781-6275
325 1/2 Stockholm Street, Brooklyn, NY for Sale
$1,550,000 USD
Apartments - FOR SALE
1/9
null | 5.84% Cap Rate

325 1/2 Stockholm Street
Brooklyn, NY 11237
Bushwick


HIGHLIGHTS

  • Lots of Natural Sunlight
  • Heavy Foot traffic off the corner of Wykoff Street
  • Low Property Tax
  • Prime Location
  • Convenient Transportation

OVERVIEW

Sales Notes – 325 Stockholm Street, Brooklyn, NY Investment Highlights: PLEASE DO NOT DISTURB TENANTS!!!! CALL BROKER FOR ANY QUESTIONS!!! DO NOT DISTURB TENANTS!!!! CALL BROKER FOR ANY QUESTIONS!!!! Prime Bushwick Location: Off the corner of Wyckoff Avenue, just a short walk to nearby subway lines, providing seamless access to Manhattan and other parts of Brooklyn. Asking $1.55M | 5.6% Cap Rate: A solid investment opportunity with strong fundamentals in a high-demand rental market. Low Taxes: With an annual tax expense of $8,000, this represents an attractive expense ratio of 0.5% of the sales price, contributing to excellent cash flow potential. Rent-Stabilized Asset with Value-Add Potential: Features 6 paying tenants and one- paying tenant currently in eviction proceedings appearing in May. Owner Improvements: Recent capital upgrades include new drain lines, a new boiler, a new hot water tank, and a new roof, reducing future maintenance costs. Bonus Rear Structure – 325 ½ Stockholm St: A separate unit at the rear of the lot. Strong Rental Upside: The highest current rent is $1,680, leaving significant room for rental growth in one of Brooklyn’s most dynamic neighborhoods. Property Overview: 325 Stockholm Street presents a unique opportunity to acquire a well-positioned, rent-stabilized multifamily building in Bushwick. With a 5.6% cap rate and multiple value-add opportunities, this property is ideal for investors looking for long-term appreciation and strong cash flow. The surrounding neighborhood continues to thrive, with an influx of new businesses, restaurants, and cultural destinations, making it an attractive market for future rental growth.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$376 USD /SF

# OF UNITS

7

PRICE/UNIT

$221,429

CAP RATE

5.84%

% LEASED

100%

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,483 SF

ZONING

R6

APN/PARCEL ID

03248-0040

ASK ABOUT THIS PROPERTY

Victor P. Inwang IIThe Corcoran Group - Brooklyn LLCMore Info
718-781-6275

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Victor P. Inwang IIThe Corcoran Group - Brooklyn LLCMore Info
718-781-6275

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