Prime Mixed-Use Investment Opportunity
Presenting a rare opportunity to acquire a well-maintained corner mixed-use building in the heart of vibrant Bushwick, Brooklyn. Located at the highly visible intersection of Knickerbocker Avenue, this income-producing asset features 6 residential units and 1 ground-floor commercial space plus 1 Garage with full basement , offering stable cash flow with long-term upside.
It features:
- All residential units are rent Stabilized (3 bedrooms with 1 bath per unit)
- One apartment and garage are VACANT.
- Cap rate approx 5%.
The property consists of 6 rent-stabilized units above a thriving street-level retail tenant, creating a diversified income stream in one of Brooklyn’s most dynamic neighborhoods.
Positioned on a prominent corner lot, the building benefits from exceptional visibility, strong pedestrian traffic, and convenient access to public transportation, local shops, restaurants, and neighborhood amenities.
This is an ideal opportunity for investors seeking a stable, income-producing asset in one of New York City’s most sought-after submarkets. Sold as is.
Financial information, rent roll, lease details, and operating expenses are available upon request. All information is deemed reliable but should be independently verified by prospective purchasers.
For sale
$1,495,000
735 Knickerbocker Avenue, Brooklyn, NY 11221
18beds
6,864sqft
Triplex, Multi Family
Built in 1909
-- sqft lot
$-- Zestimate®
$218/sqft
$-- HOA
What's special
Prominent corner lotCorner mixed-use buildingExceptional visibility
- 4 days |
- 414 |
- 22 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Welhome Realty Inc 646-535-1268,
Min Xiao 347-654-7599
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1017261
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 18
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Natural Gas, Radiant
Cooling
- None
Features
- Eat-in Kitchen
- Basement: Full,Storage Space
Interior area
- Total structure area: 6,864
- Total interior livable area: 6,864 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage
- Garage spaces: 1
Lot
- Size: 2,200 Square Feet
Details
- Parcel number: 033990010
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Brick
Condition
- Year built: 1909
Utilities & green energy
- Gas: Separate Gas Meters: 7
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $218/sqft
- Tax assessed value: $487,350
- Annual tax amount: $18,174
- Date on market: 6/23/2026
- Cumulative days on market: 5 days
- Listing agreement: Exclusive Right To Sell
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/23/2026 | Listed for sale | $1,495,000+241.3%$218/sqft |
Source: | ||
| 2/24/2004 | Sold | $438,000+484%$64/sqft |
Source: Public Record Report a problem | ||
| 6/3/1999 | Sold | $75,000$11/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $18,264 +5.1% | $487,350 -20% |
| 2024 | $17,384 | $609,300 -7.5% |
| 2023 | -- | $658,800 +20% |
| 2022 | -- | $549,000 +8.4% |
| 2021 | -- | $506,250 -8.9% |
| 2020 | $14,088 +5.6% | $555,750 +5.2% |
| 2019 | $13,341 | $528,120 +433.2% |
| 2018 | -- | $99,041 +8% |
| 2017 | $11,664 -1.3% | $91,707 |
| 2016 | $11,815 | $91,707 +5.6% |
| 2015 | $11,815 +66.2% | $86,880 +5.6% |
| 2014 | $7,107 | $82,277 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Bushwick
Nearby schools
GreatSchools rating
- 6/10Ps 151 Lyndon B JohnsonGrades: PK-5Distance: 0.1 mi
- 4/10Evergreen Middle School-Urban ExplorationGrades: 6-8Distance: 0.4 mi
- 2/10Academy Of Urban PlanningGrades: 9-12Distance: 0.2 mi
Schools provided by the listing agent
- Elementary: Ps 151 Lyndon B Johnson
- Middle: Evergreen Ms-Urban Exploration
- High: Academy Of Urban Planning And Engineering (The)
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.






