537 Knickerbocker Ave, Brooklyn, NY 11221

REO / BANK OWNED - VACANT - 8 UNIT RENT STABILIZED BUILDING An opportunity to acquire a vacant, four-story, eight-unit multifamily property comprising approximately 9,000 square feet in the heart of Bushwick. This bank-owned asset offers experienced investors and developers a compelling opportunity to pursue a comprehensive rehabilitation and long-term repositioning strategy. The seller has completed preliminary due diligence evaluating a full substantial rehabilitation of the property, with supporting documentation and DHCR records available for qualified purchasers. The building is currently subject to an HPD vacate order, numerous HPD violations, enrolled in NYC's Alternative Enforcement Program (AEP), and has a history of rent stabilization. Conveniently located near Bushwick's vibrant retail, dining, and transportation corridors, including the Knickerbocker Avenue M train. Property is being sold strictly as-is. Purchasers are responsible for independently verifying all property conditions, DHCR records, rent-regulatory status, HPD violations, AEP obligations, existing or potential occupancy and reoccupancy rights, and eligibility for substantial rehabilitation. Seller makes no representations or warranties regarding regulatory approvals, deregulation, rehabilitation costs, or completion timelines. All showings by appointment only.