901 Dekalb Avenue, NY

14 Unit Free Market Mixed-Use Building in Prime Bedford-Stuyvesant

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Overview

Key Highlights

  • Price $2,950,000
  • Gross SF 6,500
  • Free Market Units 12

Investment Highlights

• 4-story mixed-use building with 2 commercial units & 12 studio apartments

• The 2 commercial spaces are leased to a Vape Shop and Diaz Electronics - both are on MTM leases

• Entirely Free-Market and not subject to rent stabilization

• Located on the north side of Dekalb Avenue between Throop Avenue & Marcus Garvey Boulevard
• Of the 12 studio apartments, 9 are vacant with the 3 remaining on MTM leases creating a value add opportunity for investors

• All units are individually metered and tenants pay their expenses

• Rents in the neighborhood for studios are averaging north of $2,350/month

• Easy access to transportation with the G train a short walk away at the Myrtle-Willoughby station and the B38 bus located on the same block as the property

Location

Our Team

Nicole Daniggelis

Nicole Daniggelis

Ariel Property Advisors
212.544.9500 Ext. 58
Sean Kelly

Sean Kelly

Partner
Ariel Property Advisors
212.544.9500 Ext. 59

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