Bushwick Building on corner of Wyckoff $1,399,999 Brooklyn
Location: new york city
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2025-06-26 16:54
$1,399,999/ 4125ft2 – Bushwick Building on corner of Wyckoff (Brooklyn)
Stockholm Street, Brooklyn, NY 11237
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Stockholm Street near wyckoff
4125ft2
available now
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🏢 FOR SALE – 7-Unit Rent-Stabilized Multifamily Building in PRIME BUSHWICK
📍 325 Stockholm Street, Brooklyn, NY
💰 Asking Price: $1,399,999
🛏️ 14 Bedrooms | 7 Bathrooms (Two-Bedroom Units + Bonus Rear Unit)
📍 Location Highlights:
Located steps from Wyckoff Avenue – a busy, high-demand corridor
Surroded by popular shops, dining, and new developments
Close to multiple subway lines – quick access to Manhattan & beyond
💼 Investment Summary:
Gross Annual Income: $119,128
Net Operating Income (NOI): $90,453
Cap Rate: 6.47%
GRM: 11.75
Annual Taxes: Only $8,000 (≈0.57% of the asking price)
All 7 its fully occupied – NO arrears
📈 Upside Potential:
Highest current rent is just $1,680 – significant room for rent increases
Rent-stabilized with 2.5% annual increases allowed der RGB guidelines
Bonus rear structure on the lot – potential for duplex conversion or free-market income (subject to DOB/zoning)
🔧 Recent Capital Improvements Include:
New Drain Lines
New Boiler & Hot Water Tank
New Roof
All major systems upgraded – reduces future maintenance risk.
🌆 Neighborhood Appeal:
Bushwick is one of Brooklyn’s most dynamic and fast-growing rental markets
Strong rental demand and long-term appreciation outlook
Bustling commity with new restaurants, nightlife, and cultural hubs
