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365 Knickerbocker Ave Brooklyn, NY 11237

For Sale
$3,390,000

Fully leased mixed-use asset in prime Bushwick retail corridor.

Lot size:
0.06 Acres

Property Features for 365 Knickerbocker Ave

General Information

Lot size
0.06 Acres

Source: RIPCO Real Estate - Queens Agent Stephen R. Preuss

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Bushwick Mixed-Use Investment Opportunity

Located on Knickerbocker Avenue, this mixed-use property benefits from high visibility and foot traffic in the heart of Bushwick, surrounded by a mix of national retailers and local businesses. The property is a stabilized investment featuring ground floor retail with residential units above. All units are fully occupied, generating reliable, in-place cash flow. The C4-3 zoning allows for a mix of commercial and residential uses, offering flexibility for future repositioning or redevelopment, subject to zoning allowances. The location provides excellent transit accessibility, being just blocks from the L and M subway lines, which provide quick access to Manhattan and other parts of Brooklyn. This accessibility is a key driver of both residential and retail demand. Situated in one of Brooklyn's fastest evolving neighborhoods, the property benefits from strong demographics and demand drivers, fueled by a growing population of young professionals, artists, and creatives seeking live-work-play environments. The property also benefits from Tax Class 2A, where state law caps the increase in assessed value to a maximum of 8% per year or 30% over any five-year period.
Insight Report Location Intelligence

Current Use by Public Records

Charms and Glitter Women'S Clothing Store

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
-73.921667
Latitude
40.700396

FAQs

What type of property is this?
Mixed-use property - Fully leased mixed-use asset in prime Bushwick retail corridor.
Where is this mixed-use property located?
The property is located at 365 Knickerbocker Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,390,000.
What are key features of this property?
This property features: - Fully Leased Mixed-Use Asset: Generates reliable cash flow from fully occupied units.; - Prime Bushwick Retail Corridor: High-visibility location on Knickerbocker Avenue with high foot traffic.; - Excellent Transit Accessibility: Close to the L and M subway lines providing quick access to Manhattan and Brooklyn.
More about this property
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