537 Knickerbocker Avenue

$1,824,900

for sale

9,000 ft²

$202 per ft²

24 rooms

16 beds

8 baths

Rental unit
Bushwick
Foreclosure

Listing by DeRuscio Real Estate Advisors, Real Estate Principal Office, 240 Kent Avenue, Brooklyn, NY 11249

Listing updated in the last 2 days

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Common charges

Not applicable

Estimated payment

$11,066/mo

Taxes

$816/mo

Tax abatement

No info

About

Seller’s agent

Joseph Deruscio

Licensed Real Estate Broker

DeRuscio Real Estate Advisors

Description

REO / BANK OWNED - VACANT - 8 UNIT RENT STABILIZED BUILDING

An opportunity to acquire a vacant, four-story, eight-unit multifamily property comprising approximately 9,000 square feet in the heart of Bushwick. This bank-owned asset offers experienced investors and developers a compelling opportunity to pursue a comprehensive rehabilitation and long-term repositioning strategy.

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Home features

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Building amenities

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About the building

537 Knickerbocker Avenue

537 Knickerbocker Avenue, Brooklyn, NY 11221

Rental building inBushwick

8 units

4 stories

1905 built

For sale

1 available units for sale

For rent

0 available units for rent

Documents and permits

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Learn more about 537 Knickerbocker Avenue

Property history

Price change: No changes
Days on market: 1 day

Date	Price	Event
10/14/2026	$1,824,900	Listed by DeRuscio Real Estate Advisors

Explore Bushwick

Transit

Location	Distance
Mat Knickerbocker Av	0.18 miles
LMat Myrtle Av	0.28 miles
Lat DeKalb Av	0.42 miles
Mat Seneca Av	0.55 miles
Lat Halsey St	0.55 miles

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About Bushwick

Sales

Median asking price

16 beds

$1.51M

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.

Learn more about Bushwick