365 Knickerbocker Ave - Storefront Retail/Office FOR SALE
Brooklyn, NY 11237 |
365 Knickerbocker Ave
Brooklyn, NY 11237
HIGHLIGHTS
- Positioned on Knickerbocker Avenue — a high-visibility, high-foot-traffic corridor in the heart of Bushwick
- Just blocks from the L and M subway lines, providing quick access to Manhattan and other parts of Brooklyn
- Stabilized investment featuring ground floor retail with residential units above. All units are fully occupied, generating reliable cash flow
- Located in one of Brooklyn's fastest evolving neighborhoods, fueled by a growing population of young professionals
- Zoning permits a mix of commercial and residential uses, offering flexibility for future repositioning or redevelopment subject to zoning allowances
- State law caps the increase in assessed value to a maximum of 8% per year or 30% over any five-year period
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
TOTAL BUILDING SIZE
5725
STORIES
3
YEAR BUILT
1931
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
03258-0007,03258-0008
