901 Dekalb Avenue, NY

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

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Overview

Key Highlights

Price $3,275,000
Gross SF 6,500
Free Market Units 12

Key Facts

• 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. The Vape store is currently operating on a MTM lease and Diaz Electronics is leased through May of 2024

• 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