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    879 Knickerbocker Ave Brooklyn, NY 11207

    For Sale
    $3,000,000

    MULTI_FAMILY - Brooklyn, NY

    Lot size:
    0.07 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 5 at 6:06 am

    Property Features for 879 Knickerbocker Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    APN
    03437-0009
    Lot size
    0.07 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Multi Units
    Water source
    Public

    Building Details

    Year built
    1904
    Number of units
    11
    Building materials
    Brick

    JERRY FINK REAL ESTATE (718) 766-9175 [email protected]

    Listing agent Briana Santana (646) 808-9982

    Listing date Nov 24, 2025

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Brooklyn Mixed-Use Income Property

    This mixed-use property is located in Brooklyn, NY. The property is situated on a corner lot in a high-demand area. It is a fully occupied, income-producing multifamily building with consistent occupancy, a dependable rent roll, and minimal turnover. The property features 10 residential units, consisting of a mix of 1- and 2-bedroom apartments, along with a high-visibility corner storefront and a private driveway. The gross annual income is $255,000, with a net operating income of $185,000 and a cap rate of 6.2%. The property is located approximately 0.3 miles from the Halsey Street L train, providing direct access to Manhattan. The 0.0689-acre lot is surrounded by new multifamily projects, popular retail establishments, and increasing rental rates. The corner location provides unmatched visibility and attracts premium tenant demand. The property is suitable for a variety of uses, including multifamily, residential income, retail, and storefront purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Laugh, Live, Love ... Wine Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.904601
    Latitude
    40.691261

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    FAQs

    What type of property is this?
    Mixed-use property - Fully occupied mixed-use property in prime Brooklyn location.
    Where is this mixed-use property located?
    The property is located at 879 Knickerbocker Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - Prime corner location in rapidly developing Bushwick, offering unmatched visibility.; - Fully occupied, income-producing property with a strong NOI of $185,000/year and a 6.2% Cap Rate.; - Ten residential units (mix of 1- and 2-bedrooms) plus a high-visibility corner storefront.
    (646) 808-9982
    Request Owner's contact information
    879 Knickerbocker Ave Brooklyn, NY 11207
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    Brooklyn, NY 11207
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    879 Knickerbocker Ave Brooklyn, NY 11207
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