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100% Free Market Mixed-Use Building 287 Wyckoff Ave 5 Unit Apartment Building $4,153,680 CAD ($830,736 CAD/Unit) Brooklyn, NY 11237
Investment Highlights
- High Quality Finishes + On-Site Laundry
- Four Free-Market Residential Units
- All Units Separately Metered
- Approximately 4,110 SF Three Stories + Full Cellar
- Offered at a 6.6% Capitalization Rate
- 100% Free-Market & Tax Class Protected
Executive Summary
TerraCRG is pleased to exclusively represent ownership in the sale of 287 Wyckoff Avenue, a fully occupied five-unit mixed-use investment property located in the heart of Bushwick on Wyckoff Avenue between Grove Street and Linden Street.
Spanning approximately 4,110 square feet across three stories plus a cellar, this building offers four free-market residential apartments and one ground-floor retail space. Amenities include keyless entry, on-site laundry, and separately metered, renovated apartments. Ridgewood Dental Care occupies the ground-floor retail. Its Tax Class Protected status delivers favorable tax treatment while preserving free-market residential income.
Offered at an asking price of $3,000,000, the property is projected to deliver an attractive 6.6% capitalization rate, presenting investors with immediate cash flow from a turnkey asset.
Located in one of Brooklyn's strongest rental markets, the property is well positioned to benefit from the continued growth and transformation of Bushwick, including the arrival of Bushwick’s first Whole Foods Market, further enhancing the neighborhood's retail offerings and long-term investment appeal.
With its fully occupied tenancy, free-market residential income, established retail occupancy, and prime location along one of Bushwick's most active commercial corridors, 287 Wyckoff Avenue represents a rare opportunity to acquire a stabilized mixed-use asset with durable cash flow and long-term appreciation potential.
Spanning approximately 4,110 square feet across three stories plus a cellar, this building offers four free-market residential apartments and one ground-floor retail space. Amenities include keyless entry, on-site laundry, and separately metered, renovated apartments. Ridgewood Dental Care occupies the ground-floor retail. Its Tax Class Protected status delivers favorable tax treatment while preserving free-market residential income.
Offered at an asking price of $3,000,000, the property is projected to deliver an attractive 6.6% capitalization rate, presenting investors with immediate cash flow from a turnkey asset.
Located in one of Brooklyn's strongest rental markets, the property is well positioned to benefit from the continued growth and transformation of Bushwick, including the arrival of Bushwick’s first Whole Foods Market, further enhancing the neighborhood's retail offerings and long-term investment appeal.
With its fully occupied tenancy, free-market residential income, established retail occupancy, and prime location along one of Bushwick's most active commercial corridors, 287 Wyckoff Avenue represents a rare opportunity to acquire a stabilized mixed-use asset with durable cash flow and long-term appreciation potential.
Property Facts
| Price | $4,153,680 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $830,736 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| No. Units | 5 | Building Size | 4,110 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1931 |
| Zoning | R6/C1-3 | ||
| Price | $4,153,680 CAD |
| Price Per Unit | $830,736 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,110 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R6/C1-3 |
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Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 03329-0006 | Improvements Assessment | $482,530 CAD |
| Land Assessment | $65,998 CAD | Total Assessment | $548,528 CAD |
Property Taxes
Parcel Number
03329-0006
Land Assessment
$65,998 CAD
Improvements Assessment
$482,530 CAD
Total Assessment
$548,528 CAD
Contacts
-
Thomas Cutting -
Aden Verdun -
Matthew Cosentino -
Maria D'Angelo -
TerraCRG Brooklyn Commercial Real Estate
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100% Free Market Mixed-Use Building | 287 Wyckoff Ave
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