Description
786 Knickerbocker Avenue is a two–unit mixed-use building located on Knickerbocker Avenue between Weirfield and Halsey Streets in Bushwick. The building is comprised of one (1) store and one (1) actual 4-bedroom apartment with a sunroom and deck. The building is completely renovated and fully leased...
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786 Knickerbocker Avenue is a two–unit mixed-use building located on Knickerbocker Avenue between Weirfield and Halsey Streets in Bushwick. The building is comprised of one (1) store and one (1) actual 4-bedroom apartment with a sunroom and deck. The building is completely renovated and fully leased, grossing over $33/square foot annually. The basement is finished and utilized by the commercial tenant.
The building is a short walk to the L train at Halsey Street. The property is also across the street from Irving Square Park and is close to other neighborhood attractions, such as Industry 1332 and the Ridgewood Yoga Studio. The building is across the street from recent development projects, such as Knickerbocker Commons at 803 Knickerbocker Avenue and the conversion of the former Alhambra Theatre at 785 Knickerbocker Avenue.
Investment properties in Bushwick continue to increase rapidly in value and the neighborhood has become one of the city’s most active submarkets. 786 Knickerbocker Avenue offers investors a stable return along with long-term upside in both the retail and residential rents and is an ideal 1031 investment.
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