Bushwick Multifamily Investment
417 Menahan Street, Brooklyn, NY 11237
- Added:
- Apr 4, 2026
- Days on Market:
- 49
- Last Refresh:
- May 22 at 9:06 pm
Property Features for 417 Menahan Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Rooms
- Basement
- Parking features
- On Street
- Basement
- Full
- Standard status
- Active
- APN
- 03312-0040
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3237
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1931
- Floors in Building
- 3
- Number of units
- 6
- Building materials
- Brick
Listing agent Shahroz A. Syed (646) 730-3062
Listing office Keller Williams Landmark II 7535 31st Ave Ste 202, Jackson Heights, NY (347) 846-1200
Listing date Apr 4, 2026
MLS# 980621
Copyright © 2026 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.
HighLights
- Well‑maintained six‑unit multifamily building in the heart of Bushwick, Brooklyn.
- Three (3) units delivered vacant, offering immediate income optimization and repositioning at market rents.
- Desirable mix of rent‑stabilized and free‑market apartments provides both in‑place cash flow and upside potential.
- Free‑market units generating rents of $2,600+.
- Located near public transportation, shopping, and neighborhood amenities.
- Building is in overall good condition and has been properly maintained.
Overview
This well-maintained six-unit multifamily building is situated in Bushwick, Brooklyn. The property features six residential units, offering a mix of rent-stabilized and free-market apartments. Currently, three units are rent-stabilized with long-term tenants, generating approximately $790 per month. The other three units are free-market, with rents of $2,600 or more. The building is in good overall condition and has been properly maintained. Three units will be delivered vacant, providing an immediate opportunity for income optimization and repositioning at market rents, creating a value-add component for investors seeking both in-place cash flow and upside potential. The property is zoned R6, and additional interior reconfiguration or optimization potential may exist, subject to purchaser's independent verification and required approvals. The property is conveniently located near public transportation, shopping, and neighborhood amenities. The lot size is 0.0449 acres. The property will be delivered AS-IS. Buyer to perform their own due diligence.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.912501
- Latitude
- 40.703043
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit building with value-add potential in prime Brooklyn location.
Where is this apartment building located?
The property is located at 417 Menahan Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Well‑maintained six‑unit multifamily building in the heart of Bushwick, Brooklyn.; Three (3) units delivered vacant, offering immediate income optimization and repositioning at market rents.; Desirable mix of rent‑stabilized and free‑market apartments provides both in‑place cash flow and upside potential.
