657 Knickerbocker Avenue, Brooklyn, NY 11221 - Kings County

Rare Corner Brick 8 Family with Garage in Prime Bushwick! This unique brick 4-story property is located on the corner of Knickerbocker Ave and Putnam Ave in Prime Bushwick. It is 0.5 miles to Halsey St L train station, Irving Square Park and only 1 block to B60 bus stop. It is surrounded by stores, supermarkets, coffee shops, restaurants, and much more. This pristine corner 4-story brick building offers a unique setup and is an ideal opportunity for an owner-user or savvy investor. It features: - All units are Rent Stabilized, except Unit 4L (Formerly Rent Controlled) - Two vacant apartments - Unit 1R (Rent Stabilized, Vacant): Ideal for owner occupancy. Located adjacent to the garage - potential to combine, expand, or create a duplex with roof deck access. Unlock private outdoor space or build your dream home studio. - Unit 4L (Formerly Rent Controlled, Vacant): Can be legally renovated for ~$65K-$75K and rented at market rate (~$3,200/mo). Adds $38,400/year to NOI, pushing total income to ~$141K. - Attached garage with curb cut - use as parking, private studio, or expand your live/work space. Use the curb cut for private parking or delivery access. The garage is leased until May 2027. - Projected break-even occupancy - with approx. $800K down, your monthly mortgage + taxes are offset by the rental income. Live for free while your tenants cover your mortgage. This kind of flexible, mixed-use residential setup is increasingly rare in Brooklyn - especially with vacancy, upside, and control already in place. Lot: 25 x 97.42 ft Bld: 25 x 65 ft Zoning: R6 FAR: 2.67; Max FAR: 2.43 Taxes: $24,656/Yr *Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.

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