1440 DeKalb Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1440 DeKalb Ave
6 Unit Block of Flats £1,018,164 (£169,694/Unit) 4.63% Net Initial Yield Brooklyn, NY 11237
Investment Highlights
- Exceptional investment income producing building
- Financials available per request
- Close to public transportation - L train at Dekalb Station and local buses.
- Great location close to public transportation and amenities
- Rent stabilized building 100% occupied
Executive Summary
Welcome to 1440 Dekalb Avenue, an exceptional investment opportunity nestled in the vibrant heart of Bushwick, New York. This captivating 6-family classic brick building, spanning an impressive 6,800 sqft across three stories plus basement, stands as a testament to timeless elegance and potential.
With its desirable R6, C1-3 zoning, this property not only offers immediate rental income from its stable tenant base but also presents exciting prospects for future development. Investors can explore the possibilities of utilizing additional air rights, expanding the existing structure, or converting floors and the basement into lucrative commercial spaces.
Each floor of this meticulously maintained building comprises two thoughtfully designed apartments, all rent-stabilized and featuring spacious layouts with three bedrooms, a full bath, a kitchen, and a generous living room area. The basement further adds to the property's appeal, providing ample space for customization or additional amenities.
Beyond its inherent charm and income-generating potential, 1440 Dekalb Avenue benefits from its prime location, offering convenient access to public transportation options including the nearby L train at Dekalb Station and local bus routes, ensuring seamless connectivity to the rest of the city.
Moreover, with an asking price of just $191 per sqft, this property represents a compelling opportunity to invest in Bushwick's rich history while simultaneously shaping its future. Whether you're a seasoned investor seeking immediate returns or looking to capitalize on the neighborhood's burgeoning commercial hubs in nearby East Williamsburg, 1440 Dekalb Avenue offers limitless possibilities for growth and prosperity.
Don't miss your chance to become part of Bushwick's dynamic landscape.
With its desirable R6, C1-3 zoning, this property not only offers immediate rental income from its stable tenant base but also presents exciting prospects for future development. Investors can explore the possibilities of utilizing additional air rights, expanding the existing structure, or converting floors and the basement into lucrative commercial spaces.
Each floor of this meticulously maintained building comprises two thoughtfully designed apartments, all rent-stabilized and featuring spacious layouts with three bedrooms, a full bath, a kitchen, and a generous living room area. The basement further adds to the property's appeal, providing ample space for customization or additional amenities.
Beyond its inherent charm and income-generating potential, 1440 Dekalb Avenue benefits from its prime location, offering convenient access to public transportation options including the nearby L train at Dekalb Station and local bus routes, ensuring seamless connectivity to the rest of the city.
Moreover, with an asking price of just $191 per sqft, this property represents a compelling opportunity to invest in Bushwick's rich history while simultaneously shaping its future. Whether you're a seasoned investor seeking immediate returns or looking to capitalize on the neighborhood's burgeoning commercial hubs in nearby East Williamsburg, 1440 Dekalb Avenue offers limitless possibilities for growth and prosperity.
Don't miss your chance to become part of Bushwick's dynamic landscape.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,018,164 | Apartment Style | Low Rise |
| Price Per Unit | £169,694 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Net Initial Yield | 4.63% | Building Size | 5,100 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 6 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 1931 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | £1,018,164 |
| Price Per Unit | £169,694 |
| Sale Type | Investment |
| Net Initial Yield | 4.63% |
| Sale Conditions | 1031 Exchange |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,100 SF |
| Average Occupancy | 100% |
| Number of Floors | 3 |
| Year Built | 1931 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Wooden Floors
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 6 | £10,481 | 850 |
1 of 1
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 03246-0024 | Improvements Assessment | £284,153 (2024) |
| Land Assessment | £96,365 (2024) | Total Assessment | £380,517 (2024) |
PROPERTY TAXES
Parcel Number
03246-0024
Land Assessment
£96,365 (2024)
Improvements Assessment
£284,153 (2024)
Total Assessment
£380,517 (2024)
zoning
| Zoning Code | R6, C1-3 (C1-3 Zoning District is primarily residential with commercial uses on the street level.) |
| R6, C1-3 (C1-3 Zoning District is primarily residential with commercial uses on the street level.) |
-
Siddhartha Lama -
Gobinda Lama -
Prime America Real Estate, Inc.
1 of 15
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1440 DeKalb Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.