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Bushwick
Asset ClassMultifamily
# Stories3
# Units: 6Square Feet: 5,145Cap Rate: 8.25%Access Data Room
overview of deal

Overview

Located in the vibrant and rapidly evolving Bushwick neighborhood—just steps from the cultural corridors of Knickerbocker and Irving Avenues—this three-story walk-up presents a standout opportunity for investors seeking both stability and strong upside. The building features six well-proportioned, rent-stabilized units totaling approximately 5,145 square feet, offering a desirable mix of four- and five-room layouts that consistently attract quality tenants. With classic prewar charm enhanced by a 2015 update and delivered free and clear, the property sits on a generous 24×100 lot in an R6 zoning district, providing excellent flexibility and long-term potential.

 

Surrounded by some of Bushwick’s most popular cafés, restaurants, and creative hubs—including beloved coffee shops, local bakeries, trendy brunch spots, and art galleries—the location offers the kind of lifestyle appeal renters actively seek. The property is also conveniently close to multiple subway lines, including the L and M trains, making commuting throughout Brooklyn and into Manhattan fast and easy. Nearby parks, boutique shops, and vibrant nightlife add to the area’s strong renter demand and steady appreciation. Priced competitively at $1,200,000 with an appealing price per unit and price per square foot, this fully occupied building—featuring tenants on flexible month-to-month terms—offers a rare chance to secure a high-growth asset in one of Brooklyn’s most dynamic and culturally rich neighborhoods.

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1359 Hancock StBrooklyn, NY 11237

Sales Team

Nate PilchickDirector, Investment Sales212.419.8061Npilchick@arg-re.com
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Listing provided by Revere CRE