Rare 6-Unit Multifamily Investment Opportunity in Prime BushwickExceptional opportunity to own a six-family apartment building in the heart of Bushwick, one of Brooklyn’s fastest-growing neighborhoods. This well-located property features six residential units producing strong cash flow, making it a valuable addition to any investment portfolio.Just steps from Knickerbocker Avenue, a busy commercial corridor, the building benefits from high foot traffic and close proximity to supermarkets, popular cafés, restaurants, and everyday conveniences. The area continues to experience steady growth and revitalization, with expanding commercial activity and ongoing development.Commuters enjoy easy access to Manhattan via the nearby L train, as well as the Brooklyn-Queens Expressway, offering a convenient drive into the city. Located within an eastern Brooklyn Opportunity Zone, the property presents long-term upside in a rapidly appreciating neighborhood.Ideal for first-time multifamily investors or owner-occupants seeking to live in one unit while generating rental income from the others.
| MLS # | 944586 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 175 |
| Listing Provided By | Mahler Realty | Erik C. Mahler CBR |
| SQ Feet | 4,500 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 6 |
| Building(s) | 1 |
| Acreage | 0.06 |
| Cooling | Varies by Unit |
|---|---|
| Heating | Natural Gas |
| Construction Materials | Brick, Unknown |
|---|
| Parking Features | On Street |
|---|
| Utilities | Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected |
|---|---|
| Sewer | Public Sewer |
| Tax Year | 2024 |
|---|---|
| Tax Assessed Value | 477900 |
| Tax Annual Amount | 8879.68 |
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11237 |
| Listing VS Median (in 11237) | |
Price: $1,300,000 low | high Med: $1,141,500 sqft: 4,500 low | high Med: 5,294 $ / sqft: $289 low | high Med: $217 On site: 175 low | high Med: 151.5 | |
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11237 |
| Listing VS Median (in 11237) | |
Price: $1,300,000 low | high Med: $1,141,500 sqft: 4,500 low | high Med: 5,294 $ / sqft: $289 low | high Med: $217 On site: 175 low | high Med: 151.5 | |
![]() | $1,158,000229 Stanhope StreetBrooklyn, NY 11237 |