657 Knickerbocker Avenue

Brooklyn, NY 11221

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.

Listing courtesy of Capri Jet Realty Corp theo@caprijetrealty.com


Based on information submitted to the MLS GRID as of 2025-12-08 06:21 PM EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.