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1511 DeKalb Ave
Brooklyn, NY 11237 Bushwick

$1,395,000 USD

Apartments For Sale  •  4,275 SF

Property Details

• Property Type Apartments
• Total Building Size 4,275 SF
• Lot Size 0.06 AC
• Building Class C
• Year Built 1931
• Cap Rate 7.00 %
• Zoning R6

100 Transit Score

98 Walk Score

Highlights

Two of the six units are renovated, free market, and under-leased, with estimated 6-10% rent roll upside from those units alone

Low basis at just ~$250 per SF and a 7%+ Cap rate.

Protected tax class 2A

Download linked OM which contains current and projected rent rolls.

Cap Rate:

7.00 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	7 min	-	2.8 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	9 min	-	3.0 mi
Transit/Subway	Drive	Walk	Distance
DeKalb Avenue (L Line) (L - New York MTA Subway (The Subway))	1 min	5 min	0.3 mi
Knickerbocker Avenue (M Line) (M - New York MTA Subway (The Subway))	2 min	7 min	0.4 mi
Central Avenue (M - New York MTA Subway (The Subway))	1 min	8 min	0.4 mi
Jefferson Street (L - New York MTA Subway (The Subway))	2 min	9 min	0.4 mi
Myrtle-Wyckoff Avenues (L - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway))	2 min	12 min	0.6 mi
Airport	Drive	Walk	Distance
LaGuardia	16 min	-	6.9 mi
John F Kennedy International	20 min	-	11.3 mi
Newark Liberty International	32 min	-	17.2 mi