22
See all 22 photos
$2,000,000
Est. payment /mo
2,435 Sqft Lot
New
657 Knickerbocker AVE Brooklyn, NY 11221
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 897399
Rental Info No
Year Built 1931
Annual Tax Amount $22,832
Lot Size 2,435 Sqft
Acres 0.0559
Property Sub-Type Multi Family
Source onekey2
Property Description
Rare Corner Brick 8 Family with Garage in Prime Bushwick!
This unique brick 4-story property is located on the corner of Knickerbocker Ave and Putnam Ave in Prime Bushwick. It is 0.5 miles to Halsey St L train station, Irving Square Park and only 1 block to B60 bus stop. It is surrounded by stores, supermarkets, coffee shops, restaurants, and much more.
This pristine corner 4-story brick building offers a unique setup and is an ideal opportunity for an owner-user or savvy investor. It features:
- All units are Rent Stabilized, except Unit 4L (Formerly Rent Controlled)
- Two vacant apartments
- Unit 1R (Rent Stabilized, Vacant): Ideal for owner occupancy. Located adjacent to the garage — potential to combine, expand, or create a duplex with roof deck access. Unlock private outdoor space or build your dream home studio.
- Unit 4L (Formerly Rent Controlled, Vacant): Can be legally renovated for ~$65K–$75K and rented at market rate (~$3,200/mo). Adds $38,400/year to NOI, pushing total income to ~$141K.
- Attached garage with curb cut – use as parking, private studio, or expand your live/work space. Use the curb cut for private parking or delivery access. The garage is leased until May 2027.
- Projected break-even occupancy – with approx. $800K down, your monthly mortgage + taxes are offset by the rental income.
Live for free while your tenants cover your mortgage. This kind of flexible, mixed-use residential setup is increasingly rare in Brooklyn — especially with vacancy, upside, and control already in place.
Lot: 25 x 97.42 ft
Bld: 25 x 65 ft
Zoning: R6
FAR: 2.67; Max FAR: 2.43
Taxes: $24,656/Yr
*Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.
This unique brick 4-story property is located on the corner of Knickerbocker Ave and Putnam Ave in Prime Bushwick. It is 0.5 miles to Halsey St L train station, Irving Square Park and only 1 block to B60 bus stop. It is surrounded by stores, supermarkets, coffee shops, restaurants, and much more.
This pristine corner 4-story brick building offers a unique setup and is an ideal opportunity for an owner-user or savvy investor. It features:
- All units are Rent Stabilized, except Unit 4L (Formerly Rent Controlled)
- Two vacant apartments
- Unit 1R (Rent Stabilized, Vacant): Ideal for owner occupancy. Located adjacent to the garage — potential to combine, expand, or create a duplex with roof deck access. Unlock private outdoor space or build your dream home studio.
- Unit 4L (Formerly Rent Controlled, Vacant): Can be legally renovated for ~$65K–$75K and rented at market rate (~$3,200/mo). Adds $38,400/year to NOI, pushing total income to ~$141K.
- Attached garage with curb cut – use as parking, private studio, or expand your live/work space. Use the curb cut for private parking or delivery access. The garage is leased until May 2027.
- Projected break-even occupancy – with approx. $800K down, your monthly mortgage + taxes are offset by the rental income.
Live for free while your tenants cover your mortgage. This kind of flexible, mixed-use residential setup is increasingly rare in Brooklyn — especially with vacancy, upside, and control already in place.
Lot: 25 x 97.42 ft
Bld: 25 x 65 ft
Zoning: R6
FAR: 2.67; Max FAR: 2.43
Taxes: $24,656/Yr
*Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Flooring Hardwood
Fireplace No
Exterior
Parking Features Garage
Utilities Available Electricity Available, Natural Gas Available, Water Available
Building
Story 4
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 106 Edward Everett Hale
Middle Schools Jhs 291 Roland Hayes
High Schools Brooklyn 32
School District Brooklyn 32
Others
Special Listing Condition None
Listed by Capri Jet Realty Corp
GET MORE INFORMATION
Search For Homes
- Homes For Sale in Beacon, NY
- Homes For Sale in Fishkill, NY
- Homes For Sale In Wappingers, NY
- Homes for Sale in Poughkeepsie, NY
- Homes For Sale In Newburgh NY
- Homes For Sale In Hyde Park, NY
- Homes For Sale In East Fishkill, NY
- Homes In Hopewell Junction, NY
- Homes In Poughquag, NY
- Homes In Dover, NY
- Homes in Rhinebeck, NY
- Homes In Millbrook, NY
- Homes In Lagrange, NY