$2,950,000 $3,400,000
Updated a day ago
Price drop
Bushwick, Brooklyn | Stockholm Street & Stanhope Street
10 Rooms8 Beds4 Baths6,590 Square FeetMixed Use

$2,950,000 $3,400,000
floors / apts3 / 2
Lot Size25'5"x100'
Built Size25'5" wide
ZoneC4-3
Building TypeLow-Rise
RE Taxes$20,772
Price Per SF
$448

Building Amenities

  • Voice Intercom

Property Description

Introducing 383 Knickerbocker Ave, Premium Flagship Corner Mixed-Use building in heart of Bushwick in its Busiest Retail & Residential Corridors. Extraordinary opportunity for new ownership to use as a primary to do live/work, re-position the existing building to maximize income, add to existing FAR or develop a full mixed-use project with commercial & community facility possibilities.

Existing Building & Property Features: Current Zoning is C4-3, set on a 25.5' X 100' lot, the existing 3-story masonry building approx. 4,590SF was recently renovated in the last few years with upgrades including 3 complete apartment renovations, new roof, HVAC and more. It currently consists of five income-producing units: The ground floor retail space has tremendous corner frontage from Knickerbocker Ave and Stanhope St and a full basement. The 2nd & 3rd floor apartments are each configured as a 2BD/1BA layout, featuring triple-exposures allowing for abundant natural light in all units and high ceilings.

A bustling location right on Knickerbocker Ave with ever expanding restaurants, bars, coffee shops, galleries, grocery stores, shopping, supermarkets. Walk to the M subway line on Knickerbocker Ave & L subway line on Dekalb Ave or take a stroll at multiple parks including Maria Hernandez Park. Easy access to the Brooklyn-Queens expressway. Some of your neighbors include Wyckoff Medical, CityMD, Walgreens, Bank of America, Citibank, McDonalds, Footlocker, TMobile/AT&T, and so much more!

Listing History

Now
01/26/2022
$2,950,000 [-$450,000] [13.2%]
Price Drop by Donald Lai
Corcoran
2022

Building Details

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1921
Floors/Apts3/2
Learn More About the Building

Transit and Citi Bike

Subway

Knickerbocker Av
0.14 miles
DeKalb Av
0.26 miles
Central Av
0.39 miles
Jefferson St
0.44 miles
Myrtle-Wyckoff Avs
0.45 miles

Citi Bike

Stockholm St & Wilson Ave
0.14 miles
Irving Ave & DeKalb Ave
0.15 miles
Irving Ave & Harman St
0.16 miles
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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: 82436TH