408 Knickerbocker Ave, Brooklyn, NY 11237-4102

This exceptional three-unit, three-story retail building at 408 Knickerbocker Avenue in Brooklyn, NY, presents a compelling investment opportunity. Boasting a 5.36% cap rate and a strong net operating income (NOI) of $362,053, this property offers significant potential for return. The building is fully occupied (100%) with a diverse tenant mix including T-Mobile (since 2006, with a recent 5-year lease extension), Park Dental Care (occupying the upper two floors, having invested over $200,000 in capital improvements including a new elevator), and Herbalife Nutrition Center (a long-term tenant since 2014, consistently renewing their lease). Located in the thriving Bushwick neighborhood at a signalized intersection, this property benefits from high foot traffic and proximity to major transportation, including the J, M, Z, and L subway lines. The building features low operating expenses and a C4-3 zoning designation. The long-term historical tenancy and potential for upside through expiring leases further enhance the investment appeal of this prime retail property. The asking price is $6,750,000. This is a rare opportunity to acquire a stable, high-performing retail asset in a rapidly growing area of Brooklyn.