657 Knickerbocker Ave - Apartments FOR SALE


Brooklyn, NY 11221- Bushwick
$2,000,000 USD
347-450-3577
657 Knickerbocker Ave, Brooklyn, NY for Sale
$2,000,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

657 Knickerbocker Ave
Brooklyn, NY 11221
Bushwick


HIGHLIGHTS

  • Rare Corner Brick 8 Family with Garage in Prime Bushwick!
  • Two vacant apartments
  • Attached garage with curb cut

OVERVIEW

Rare Corner Brick 8 Family with Garage in Prime Bushwick! This unique brick 4-story property is located on the corner of Knickerbocker Ave and Putnam Ave in Prime Bushwick. It is 0.5 miles to Halsey St L train station, Irving Square Park and only 1 block to B60 bus stop. It is surrounded by stores, supermarkets, coffee shops, restaurants, and much more. This pristine corner 4-story brick building offers a unique setup and is an ideal opportunity for an owner-user or savvy investor. It features: - All units are Rent Stabilized, except Unit 4L (Formerly Rent Controlled) - Two vacant apartments - Unit 1R (Rent Stabilized, Vacant): Ideal for owner occupancy. Located adjacent to the garage — potential to combine, expand, or create a duplex with roof deck access. Unlock private outdoor space or build your dream home studio. - Unit 4L (Formerly Rent Controlled, Vacant): Can be legally renovated for ~$65K–$75K and rented at market rate (~$3,200/mo). Adds $38,400/year to NOI, pushing total income to ~$141K. - Attached garage with curb cut – use as parking, private studio, or expand your live/work space. Use the curb cut for private parking or delivery access. The garage is leased until May 2027. - Projected break-even occupancy – with approx. $800K down, your monthly mortgage + taxes are offset by the rental income. Live for free while your tenants cover your mortgage. This kind of flexible, mixed-use residential setup is increasingly rare in Brooklyn — especially with vacancy, upside, and control already in place. Lot: 25 x 97.42 ft Bld: 25 x 65 ft Zoning: R6 FAR: 2.67; Max FAR: 2.43 Taxes: $24,656/Yr Don’t Miss this Opportunity! Call TODAY for a Full Set Up! Theo Eastwind 718-536-7787 Capri Jet Realty 718-388-2188 *Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$308 USD /SF

# OF UNITS

8

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

70%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1931

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,435 SF

ZONING

R6

APN/PARCEL ID

03365-0100

ASK ABOUT THIS PROPERTY

Robert NapolitanoCapri Jet RealtyMore Info
347-450-3577

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Robert NapolitanoCapri Jet RealtyMore Info
347-450-3577

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