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 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, At $191 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.
More Property Details
Bedroom: 12
Full Bath: 6
Other: 6
Lot Sq Ft: 2500
Parking Spaces: Yes
Parking Facilities: On Street
Heat: Hot Water, Natural Gas
A/C: None
Water: Public
Sewer: Public Sewer
Taxes: $8,229
School District#: 32
School District: Community District 32
Block: 3246
Lot: 24