Knickerbocker Portfolio — Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Brooklyn, NY 11237

Photos

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Investment Figures

Cap rate
6.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The Knickerbocker Portfolio consists of four mixed-use properties strategically positioned along the Knickerbocker Avenue corridor in Bushwick, Brooklyn. Collectively, the portfolio includes 21 total units across approximately 23,590 gross square feet and offers investors a combination of stable in-place cash flow, free-market residential exposure, and long-term upside through rent growth and future redevelopment potential. The portfolio is anchored by a mix of established retail tenancy and highly functional residential layouts within one of Brooklyn’s most active and supply-constrained rental markets. 370 Knickerbocker Avenue consists of 12 total units across approximately 10,725 square feet, including two retail units and ten free-market residential apartments. The retail component includes one occupied space leased to BK Taco Factory as well as a second fully built-out commercial space currently being marketed for lease at approximately $17,000 per month, creating immediate upside potential for an incoming investor. The residential component consists entirely of free-market one-bedroom apartments that have historically demonstrated strong occupancy and consistent tenant demand throughout the Bushwick market. The property additionally benefits from approximately 6,275 square feet of excess air rights, creating long-term redevelopment and expansion potential within one of Brooklyn’s most supply-constrained neighborhoods. 372 Knickerbocker Avenue consists of three total units across approximately 3,150 square feet, including one leased retail space and two free-market residential apartments. The ground-floor commercial unit is occupied by Wonder Beauty with a lease through 2034, while the residential component features oversized two-bedroom apartments with meaningful mark-to-market potential. The property benefits from Tax Class 1 status, helping maintain exceptionally low real estate taxes relative to comparable mixed-use buildings throughout Brooklyn. In addition

Market Context

This mixed use in Brooklyn, NY is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing mixed use assets. Compare it against other mixed use listings for sale in Brooklyn, NY — view the full market.

Contact

  • Alex Arustamian
  • Scott Plasky
  • Mike Salvatico
  • Shaun Riney

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