- For Sale Contact for pricing
- Property Type Other
- Date Updated May 21, 2026
Description
Avison Young, as the exclusive agent, is pleased to offer for sale 803 Wyckoff Avenue (the “Property”), also known as “The Arcade,” located on the blockfront of Wyckoff Avenue between Cornelia Street and Putnam Avenue at the intersection of Bushwick, Brooklyn and Ridgewood, Queens. This 5-story, new construction multifamily elevator building with 410 feet of wraparound frontage was completed in 2018 with a 15-year 421a tax abatement that expires in 2034. Designed by award-winning architects, the Property consists of one-bedroom, two-bedroom and three-bedroom layouts across 54 residential units, 23 parking spaces, and an array of amenities across approximately 62,564 gross square feet.
Highlights
- 15-year 421a Tax Abatement with 8 years remaining, expires in 2034
- 8 Years Remaining Of 421-a Benefits
- 803 Wyckoffs RS units currently rent 14% below market for 1BRs, 18% below market for 2BRs, and 24% below market for 3BRs. Meaningful rent growth opportunity as units mark to market once the 421-a abatementexpires in 2034
- Exempt From Good Cause Eviction
- Favorable Amenity Package
- Significant Rent Upside Upon 421-a Expiration
- The building offers a variety of luxury amenities, including a sprawling co-working and business center, a fully built-out fitness center, a media and gaming lounge, onsite parking, bike storage and rooftop terrace with built in seating and stunning views of both the Bushwick and Manhattan skylines
- Upon burn off of the 421a Abatement all units are exempt from capped rental growth (lower of inflation + 4% or 10%) through 2048
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Contacts
Avison Young - US - NY - New York
Avison Young - US - NY - New York
Avison Young - US - NY - New York
Avison Young
