14 Unit Free Market Mixed-Use Building in Prime Bedford-Stuyvesant

901 Dekalb Ave, Brooklyn, NY 11221

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Property Information

  • For Sale $3,275,000
  • Property Type Mixed Use
  • Property Size 6,500 SF
  • Units 12
  • Lot Size 2,500 SF
  • # of Floors 4
  • Year Built 1931
  • Date Updated Jan 23, 2025

Description

Investment Highlights

• 4-story mixed-use building with 2 commercial units & 12 studio apartments
• The 2 commercial spaces are leased to a Vape Shop and Diaz Electronics. The Vape store is currently operating on a MTM lease and Diaz Electronics is leased through May of 2024
• Entirely Free-Market and not subject to rent stabilization
• Located on the north side of Dekalb Avenue between Throop Avenue & Marcus Garvey Boulevard
• Of the 12 studio apartments, 9 are vacant with the 3 remaining on MTM leases creating a value add opportunity for investors
• All units are individually metered and tenants pay their expenses
• Rents in the neighborhood for studios are averaging north of $2,350/month
• Easy access to transportation with the G train a short walk away at the Myrtle-Willoughby station and the B38 bus located on the same block as the property

Contacts

Sean R. Kelly

Ariel Property Advisors

Nicole Daniggelis

Ariel Property Advisors

Dov Chein

Ariel Property Advisors

Location

Located at 901 Dekalb Ave, Brooklyn, NY 11221, this property is part of the Bedford-Stuyvesant neighborhood and Brooklyn market.

  • 91/100 Walker's Paradise
  • 99/100 Rider's Paradise
  • 84/100 Very Bikeable
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