348 Knickerbocker Avenue
MLS® #RLS10764619
Listing by Compass
6
Bedrooms
4
Baths
5,385
Sq. Ft.
1931
Year Built
Quick Summary
Property Highlights
- Style: Prewar architecture
- Character: Pre-war building (1931)
Property Details
Description
Prime mixed-use building representing a turnkey investment. Located in Bushwick and centrally positioned on Knickerbocker Ave close to many restaurants, shops and the L and M train lines. This property features 4 free market rentals over a commercial space generating $193,000 in income at a 5.4% cap rate. There is also upside potential to renovate further increasing the rent roll. All apartments were gut renovated in 2008 during which time plumbing and electrical upgrades were also made. The building is configured as two JR4 (1-bedroom + home office) 1 bath apartments, and two 2-bedroom 1 bath apartments. The third-floor apartments both feature two skylights providing a desirable and light filled living space. All apartments are well maintained and in great condition. The roof has been well maintained and the setback portion of the roof above the commercial space was completely replaced in 2018. The roof above the 3rd floor apartments has been well maintained and was resealed and repainted in 2015. Additionally, each apartment has its own boiler system that was installed in 2009. Tenants pay for their own heat and electricity which keep the operating expenses low. The commercial tenant occupies the ground floor and has been in place since 2018 with a longer term lease until 2028. A complete setup is available upon request.
Building Information
About Bushwick
View All Bushwick ListingsBushwick has emerged as Brooklyn's premier creative frontier, known for its world-class street art, eclectic nightlife, and industrial-chic vibe. The neighborhood offers a wide range of housing options, from converted warehouse lofts that appeal to artists and professionals to traditional multi-family townhouses. Recent years have seen a surge in boutique new construction condominiums, making it a top destination for those seeking a dynamic and evolving urban environment.
Bushwick Live Market Data
View NeighborhoodActive Listings
91
Median Asking Price
$975K
Median $/Sqft
$925
Avg Days on Market
N/A
New This Week
5
Price Reduced
18%
Sold (30 Days)
8
Median Sale Price
$850K
Live data from RLS at REBNY • Updated 3/24/26, 9:24 PM EST
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Location
348 Knickerbocker Avenue, Bushwick, Kings County • Near De Kalb Avenue/Stockholm Street
Floor Plans
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
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Listing Courtesy of Compass - Amanda McAvena
Listing Contact: (614) 364-2123
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RLS Data display by Keller Williams NYC. Data last updated on 3/25/2026 at 1:24 AM UTC