313 KNICKERBOCKER AVE

INVESTMENT HIGHLIGHTS

• Charismatic Presence: 25’ x 100’ corner mixed-use building located on Hart Street and Knickerbocker Avenue.
• 125’ of Wraparound Frontage: on Bushwick’s primary retail / mixed-use corridor.
• Meticulously Maintained: Recent major updates throughout apartments and commons areas.
• Well Located: Steps from Maria Hernandez Park and just two blocks from both L & M trains.
• Excellent Light and Air: Large residential units with bright corner exposure.
• Owner-User Opportunity: Retail units will be delivered vacant.
• Cashflowing: $340,000 gross income with a $220K+ NOI, offering a 6.3% Cap Rate at our Ask.
• Unit Status: Two (2) retail units, one (1) free-market and seven (7) rent-regulated apartments.
• Unit Mix: Three (3) 1BR, four (4) 2BR, and one (1) 3BR.
• Tax Protected: Tax Class 2B limits tax increases to no more than 8% a year, or 30% over 5 years.