1365 Dekalb Avenue

This semi-attached six-unit property is situated in a prime Bushwick location and offers a total building area of 4,500 square feet on a 25’ by 90.5’ lot totaling 2,263 square feet. The building generates an actual gross annual income of $94,557.72 and falls under favorable 2A tax classification, providing capped annual property tax increases.

The unit mix includes one Section 8 tenant (1R), one unit with rent paid through HRA under a two-year lease since 2023 (2R), one free-market unit on a month-to-month basis (3R), and three rent-stabilized units (1L, 2L, and 3L). The free-market apartment has been fully renovated and features a new dishwasher and in-unit washer and dryer. The property offers an actual cap rate of 6.26% with upside potential to a 7.53% cap rate. Ideally located just steps from the L and M subway lines and surrounded by restaurants, shops, cafes, bars, and everyday conveniences, this building presents a strong investment opportunity in one of Brooklyn’s most desirable neighborhoods.