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431 Dekalb Avenue Brooklyn $2,150,000
  • 8,000
  • 9
  • $269
  • Corner
  • $19,950
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431 Dekalb Avenue 431 Dekalb Avenue
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INVICTUS Property Advisors has been retained on an exclusive basis for the sale of 431 Dekalb Avenue. The subject property is a four (4) story corner mixed-use walk-up building located on the northeast corner of Dekalb Avenue and Classon Avenue in Clinton Hill.

The property contains six (6) rent stabilized units, of which four (4) are occupied and two (2) will be delivered vacant. With 850 net rentable square feet per unit, there is the opportunity to subdivide the vacant three (3) bedroom units into two (2) one (1) bedroom units, and set the first legal rents at more than $2,000/month, resulting in a substantially increased rent roll for the building. There are also three (3) commercial units, two of which are being occupied by the corner grocer. The remaining commercial unit was previously an owner occupied pizzeria with all equipment still remaining, and turn-key for another takeout restaurant.

431 Dekalb Avenue is located directly across the street from Pratt Institute, which has 5,000 undergrad students, as well as NYPD's 88th Precinct. It is also within close proximity to several new developments in the area, including 445 Vanderbilt Avenue, a 5-story 43-unit apartment complex being built by the Loketch Group. Additionally, Hope Street Capital is building a 280,000 square foot development project with plans for 284 apartments and 60,000 square feet of retail at 550 Clinton Avenue.

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