Fully Gut-Renovated Multifamily Building 260 Cornelia St 6 Unit Apartment Building $3,443,750 CAD ($573,958 CAD/Unit) Brooklyn, NY 11221

TerraCRG is pleased to exclusively represent ownership in the sale of 260 Cornelia Street, a fully gut-renovated investment property ideally located in Bushwick.
Situated between Knickerbocker Avenue and Wilson Avenue, this 5,025-square-foot building spans 25 feet in width and is offered at an attractive $498 per square foot. The property delivers a strong 6.75% in-place cap rate, making it a compelling opportunity for buyers seeking stable, in-place cash flow while also having potential rental upside. 
 
Strategically positioned just a few blocks from the Halsey Street L train, the property benefits from excellent connectivity to Manhattan and surrounding Brooklyn neighborhoods. Additionally, it is located only three blocks from the recently renovated Irving Square Park, providing tenants with valuable green space and recreational amenities.
 
Bushwick continues to emerge as one of Brooklyn’s most dynamic and rapidly evolving submarkets, characterized by very strong rental demand, new development and some of the best music, art and restaurant/bar options in NYC. Its blend of cultural vibrancy, accessibility, and relative affordability compared to neighboring Williamsburg supports sustained long-term appreciation and rent growth.