$1,400,000
Updated 11 years ago
Sold

307 Knickerbocker Ave

Bushwick, Brooklyn | Suydam Street & Hart Street

6,500 Square FeetRental Property

$1,400,000
floors / apts4 / 6
Lot Size25'x100'
Built Size25'x65'
ZoneR6
Building TypeTownhouse
RE Taxes$12,196
Price Per SF
$215

This property was sold for $1,450,000 on 05/16/13.

Building Amenities

  • Voice Intercom

Property Description for 307 Knickerbocker Ave

307 Knickerbocker Avenue is a well positioned mixed-use building with two retail spaces and six residential units. Three of the residential units have been renovated and are collecting strong income. The remaining three units present upside for an investor to renovate and acheive exceptional income potential. The property is located near the border of Williamsburg on Bushwick’s primary retail corridor, with convenient access to restaurants, art galleries, grocery stores and night life. The L train is just a few blocks away at Dekalb Avenue, providing tenants with access to Manhattan within 20 minutes. This offering presents a significant opportunity for an investor to capitalize on tenants priced out of Williamsburg, while also benefiting from North Bushwick’s rapidly increasing exposure.

Listing History for 307 Knickerbocker Ave

Now
05/24/2013
$1,450,000
Sold and Closed by Michael Amirkhanian
Cushman & Wakefield
04/03/2013
Contract Signed by Michael Amirkhanian
Cushman & Wakefield

Building Details for 307 Knickerbocker Ave

OwnershipRental Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts4/6
Learn More About the Building

Transit and Citi Bike

Subway

Knickerbocker Av
0.28 miles
DeKalb Av
0.29 miles
Jefferson St
0.34 miles
Central Av
0.35 miles

Citi Bike

Suydam St & Knickerbocker Ave
0.03 miles
Irving Ave & DeKalb Ave
0.14 miles

Contact Agents

Contact Agents

Michael Amirkhanian
Cushman & Wakefield
Robert Moore
Cushman & Wakefield

Bushwick | Brooklyn

Quick Profile

As one of the most diverse neighborhoods in New York, Bushwick offers a perfect snapshot of just how multicultural the city is. Long-established as an amalgam of cultures and ethnicities, a wave of varying types of immigrants trickled in from the seventeenth to twentieth centuries, with Bushwick largely becoming a home to Hispanics of Puerto Rican and Dominican backgrounds by the latter part of the twentieth century. 

With the Bushwick Initiative of the mid-00s that aided in revitalization, it became an attractive area to young professionals and artists. And even now, Bushwick has sustained affordable rent prices where other North Brooklyn counterparts, like Williamsburg and Greenpoint, have become more expensive. Priding itself on the weird and the wacky, numerous art collectives thrive in this part of Brooklyn, once famously named the seventh coolest neighborhood in the world by Vogue. 

Though it has drawn in many tourists in recent years (there’s even a graffiti tour you can take from the Bushwick Collective), the neighborhood remains very much community-oriented, and has not been subject to quite the same sort of corporate infiltration phenomenon of its nearby Williamsburg environs. 

But yes, of course, Bushwick has come a very long way from its 80s and 90s reputation as being “The Well,” a nickname given to it for its free-flowing and widely available amount of drugs (quantity over quality being the cliche applied here). 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 29254TH