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New Construction Multifamily Asset

37 Wilson Ave, Brooklyn, NY 11237

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For Sale

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New construction multifamily asset in prime North Bushwick.

Type:Multifamily

Property size:

7,678 SF

Price / SF:

$586/SF

HighLights

New construction 8‑unit multifamily asset in prime North Bushwick built in 2020.
Enjoy very low current taxes with a 35‑year 421‑A tax abatement ($925/year).
Fully occupied, generating approximately $345,000 gross income and $305,000 net operating income.
Located steps from the Morgan Avenue L and Jefferson Street L trains.
Positioned near Maria Hernandez Park and Bushwick's vibrant restaurant, nightlife, and retail corridor.
The building offers 7,678 square feet.

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Contact an agent

Fred Bijou

For Sale

Contact for pricing

New construction multifamily asset in prime North Bushwick.

Type:Multifamily

Property size:

7,678 SF

Price / SF:

$586/SF

Added:: Feb 23, 2026
Days on Market:: 135
Last Refresh:: Jul 4 at 11:26 am

Property Features for 37 Wilson Ave

General Information

Standard status: Active
Size: 7,678 SF
Property subtype: Multifamily

Building Details

Year Built: 2020

We can help!

Contact an agent

Fred Bijou

Listing office Bijou Equities LLC

Listing date Feb 23, 2026

Source Crexi

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

All listing content including descriptions, pricing, images are the copyrighted material of Bijou Equities LLC

HighLights

New construction 8‑unit multifamily asset in prime North Bushwick built in 2020.
Enjoy very low current taxes with a 35‑year 421‑A tax abatement ($925/year).
Fully occupied, generating approximately $345,000 gross income and $305,000 net operating income.
Located steps from the Morgan Avenue L and Jefferson Street L trains.
Positioned near Maria Hernandez Park and Bushwick's vibrant restaurant, nightlife, and retail corridor.
The building offers 7,678 square feet.

Overview

Located in prime North Bushwick, 37 Wilson Avenue is a new construction, four-story multifamily asset built in 2020. The 7,678 square foot building contains 8 units and benefits from a 35-year 421-A tax abatement, with 30% of the units designated as affordable. The property is fully occupied and generating approximately $345,000 in gross income and $305,000 in net operating income. The current taxes are $925 per year. Situated on Wilson Avenue, just off Flushing Avenue, the property is near the Morgan Avenue L and Jefferson Street L trains, close to Maria Hernandez Park, and surrounded by Bushwick’s restaurant, nightlife, and retail corridor.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$434.9k	$56.64
− Vacancy	−$8.7k	−$1.13
EGI	$426.2k	$55.51
− OpEx	−$191.8k	−$24.98
NOI	$234.4k	$30.53

7,678 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$3.35M

$2.93M – $3.91M (±1% cap)

NOI $234,401 @ 7.0% cap · market cap 5.21%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$6.36M

$5.56M – $7.42M (±1% cap)

NOI $445,017 @ 7.0% cap · market cap 9.89%

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

Property Profile Location Intelligence

Current Use by Public Records

TJ's Custom Tailoring (Bike/Boat/Book/etc) Store Ramglam Esthetics Medical Clinic

Suggested Use

Location Insight

Map
Local Demand

City: Brooklyn
County: Kings
State: New York
Longitude: -73.92924
Latitude: 40.70299

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For sale
Apartment buildings
NY
Brooklyn
11237
37 Wilson Ave

What type of property is this?

Apartment building - New construction multifamily asset in prime North Bushwick.

Where is this apartment building located?

The property is located at 37 Wilson Ave Brooklyn, NY.

What is the asking price?

The asking price for this property is $4,500,000.

What are key features of this property?

This property features: New construction 8‑unit multifamily asset in prime North Bushwick built in 2020.; Enjoy very low current taxes with a 35‑year 421‑A tax abatement ($925/year).; Fully occupied, generating approximately $345,000 gross income and $305,000 net operating income.