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- ft²
6 rooms
6 beds
4 baths
Mixed-use building
- Bushwick
Resale
reported sale
Sold on 4/8/2022
Not yet verified by closing records
Seller's agents
This home has been saved by 18 users.
Listing by Compass, Corporate Broker, 514 2nd Street, Brooklyn, NY 11215
Common charges
Not applicable
Estimated payment
$14,626/mo
Taxes
No info
Tax abatement
No info
About
Seller’s agent
description
Prime mixed-use building representing a turnkey investment. Located in Bushwick and centrally positioned on Knickerbocker Ave close to many restaurants, shops and the L and M train lines. This property features 4 free market rentals over a commercial space generating $193,000 in income at a 5.4% cap rate. There is also upside potential to renovate further increasing the rent roll.
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Home features
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Building amenities
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About the building
348 Knickerbocker Avenue
348 Knickerbocker Avenue, Brooklyn, NY 11237
4 units
3 stories
1931 built
For sale
0 available units for saleFor rent
0 available units for rentDocuments and permits
View documents and permitsProperty history
- Price Change: No changes
- Days on market: 78 days
| Date | Price | Event |
|---|---|---|
4/8/2022 | $2,750,000 | Sold by Compass |
2/1/2022 | $2,750,000 | In contract |
11/15/2021 | $2,750,000 | Listed by Compass |
Past listing photos
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Explore Bushwick
Transit
| Location | Distance |
|---|---|
Mat Knickerbocker Av | 0.22 miles |
Lat DeKalb Av | 0.28 miles |
Mat Central Av | 0.29 miles |
Lat Jefferson St | 0.36 miles |
LMat Myrtle Av | 0.58 miles |
About Bushwick
Rental prices shown are base rent before any fees. Visit listings for cost and fees breakdown.
SalesMedian asking price
6 beds
$1.73M
RentalsMedian asking base rent
6 beds
$8,000
Bushwick has seen a lot of change over the years. In the early 1900s, it was known for its thriving distilleries and breweries. After those industries declined, it experienced a long period of blight through the 1970s and 1980s. Now the neighborhood is seeing a renaissance, as artists pushed out of Williamsburg and elsewhere move in and raise property values. Bushwick offers unconventional living spaces: The housing market is full of converted lofts in old factories, sometimes with great access to outdoor space.
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