Sales Notes – 325 Stockholm Street, Brooklyn, NY
Investment Highlights:
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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.