See Home Value
$2,173,355*
Commercial - Off Market

551 Knickerbocker Avenue

Bushwick, NY 11221
bedrooms
Studio
bathrooms
0 Bath
$1,440,000 - $1,760,000
Reference Base Price*
35.83%
Since Oct 1, 2020
NY-New York
Primary Model

About This Property

Fantastic Opportunity in the Heart of Bushwick     Perfect Income Producing Investor Deal: 100% Turnkey Renovated Units  BUILDING INFORMATION  > 3 stories-COMMERCIAL STORE on Ground Floor & 2 renovated residential units on 2nd and 3rd Floors.  > 3,300 SF: building measures 20    x 55     > 1600 SF lot; measures 20    x 80  > ANNUAL INCOME POTENTIAL $132,000 Store $50,400 + 2 Apt $81,600  > Mint condition, high cap rate & Rate of Return    UNIT INFORMATION  > 1100 SqFt Store on Ground Floor + Full Finished Basement  > All apartments 100% GUT RENOVATED featuring top of the line kitchens with stainless steel appliances including microwaves/dishwashers/Washer Dryer  > Apt 1: 3 bedroom 2 bathroom, microwaves/dishwashers/Washer Dryer, SPLIT AIR CONDITIONER & Water Heater  > Apt 2: 3 bedroom 2 bathroom, microwaves/dishwashers/Washer Dryer, SPLIT AIR CONDITIONER & Water Heater  BUILDING LOCATION:  > 2 minute walk from the M & L trains (Myrtle-Wyckoff Ave station)
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
1931

Price History

Date / Event Date Event Price
Sep 26, 2020 No longer available -
No longer available
Aug 11, 2020 Price Decreased $1,600,000
↓ $50K (3%)
Price Decreased
Jun 18, 2020 Relisted $1,650,000
Relisted
Jun 9, 2020 No longer available -
No longer available
May 8, 2020 Listed $1,788,000
Listed
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Property Highlights

Air Conditioning


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
-
$1,499,000 May 7, 2020
$1,499,000 Nov 30, 2020
-
Commercial
Loft
-
-
$1,220,000 Jan 21, 2020
$1,220,000 Jul 14, 2020
$663/mo
Other
Loft
-
-
$740,000 Mar 15, 2019
$740,000 Jan 15, 2020
-
Townhouse
Stu
-
-
$1,600,000 Aug 8, 2016
$1,600,000 Jan 29, 2021
-
Townhouse
Stu
-
-
$1,690,000 Sep 7, 2021
$1,690,000 Dec 22, 2021
$380/mo
Townhouse
Stu
-
-
$1,628,500 Oct 23, 2015
$1,628,500 Jan 12, 2022
$418/mo
Commercial
Loft
-
-
$1,588,000 Oct 13, 2022
-
$967/mo
Commercial
Loft
-
-
$1,529,000 Jul 11, 2022
-
$1,042/mo
Commercial
Loft
-
-
$1,500,000 Jan 18, 2022
-
$1,414/mo
Commercial
Loft
-
-
$1,700,000 Jan 2, 2023
-
$700/mo
Commercial
Loft
-
-
$1,500,000 Mar 31, 2022
-
$1,216/mo
Commercial
Loft
-
-
$1,450,000 Sep 18, 2022
-
$301/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200507
05/07/2020
Loft
-
-
$1,600,000
bedrooms
Loft
bathrooms
-
$1,499,000 -6.31%
11/30/2020
-
Anthony Domathoti
Exit Realty Premium

Building Info

551 Knickerbocker Avenue 551 Knickerbocker Avenue, Brooklyn, NY 11221
  • 5 Units
More about this Building
551 Knickerbocker Avenue
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About Northern Brooklyn


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