12
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$998,000
Est. payment /mo
Active
1440 Dekalb AVE Brooklyn, NY 11237
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY834739
Originating Board onekey2
Rental Info No
Year Built 1931
Annual Tax Amount $8,878
Property Description
Welcome to 1440 Dekalb Avenue, an exceptional investment opportunity nestled in the vibrant heart of Bushwick, New York. This captivating 6-family classic brick building, spanning an impressive 6,800 sqft across three stories plus basement, stands as a testament to timeless elegance and potential. With its desirable R6, C1-3 zoning, this property not only offers immediate returns from its stable tenant base but also presents exciting prospects for future development. Investors can explore the possibilities of utilizing additional air rights, expanding the existing structure, or converting floors and the basement into lucrative commercial spaces. Each floor of this meticulously maintained building comprises two thoughtfully designed apartments, all rent-stabilized and featuring spacious layouts with convertible railroad style three bedrooms, a full bath, a kitchen, and a generous living room area. The basement further adds to the property's appeal, providing ample space for customization or additional amenities. Beyond its inherent charm and lucrative potential, 1440 Dekalb Avenue benefits from its prime location, offering convenient access to public transportation options including the nearby L train at Dekalb Station and local bus routes, ensuring seamless connectivity to the rest of the city. Moreover, including basement space At 147 per sqft, this property represents a compelling opportunity to invest in Bushwick's rich history while simultaneously shaping its future. Whether you're a seasoned investor seeking immediate returns or looking to capitalize on the neighborhood's burgeoning commercial hubs in nearby East Williamsburg, 1440 Dekalb Avenue offers limitless possibilities for growth and prosperity. Don't miss your chance to become part of Bushwick's dynamic landscape.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Full
Interior
Heating Hot Water, Natural Gas
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Parking Features On Street
Utilities Available See Remarks
Building
Lot Description Historic District, Near Public Transit, Near School, Near Shops
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 106 Edward Everett Hale
Middle Schools The Academy For Excellence In Leadership
High Schools Academy Of Urban Planning-Engineerin
School District Brooklyn 32
Others
Special Listing Condition None
Listed by Prime America Real Estate Inc