Multifamily Property for Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Brooklyn, NY 11237

Description

Marcus & Millichap is pleased to offer 291 Wyckoff Avenue, an opportunity to acquire a six-unit multifamily building in the heart of Bushwick, one of Brooklyn’s most dynamic and rapidly evolving neighborhoods. Situated on a 25’ x 103.42’ lot with R6/C1-3 zoning, the property contains approximately 4,350 square feet and benefits from 1,363 square feet of additional air rights, offering long-term upside through potential future expansion or redevelopment. Investment Highlights: • 291 Wyckoff Avenue, built in 1931, is a 6-unit multifamily asset spanning 3 stories, approx. 4,350 SF. • Tax Class: 2A | Zoning: R6, C1-3 | 5 Rent Stabilized Units, 1 Free Market Unit. • 291 Wyckoff is in proximity to Bushwick's thriving restaurant, nightlife, and arts scene, and convenient access to public transportation connecting tenants to Williamsburg, Downtown BK & Manhattan.

Market Context

This multifamily in Brooklyn, NY is listed for sale. It is offered at an approximate 7.7% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 54 days. Compare it against other multifamily listings for sale in Brooklyn, NY — <a href="/search/sale/multifamily/new-york/brooklyn">view the full market</a>.

As of Q1 2025, the New York City Area multifamily market showed a 4.8% vacancy rate, and rents up 6.3% year over year. Source: CBRE Q1 2025 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

Is the New York City Area multifamily market tightening or softening?
Vacancy is around 4.8%, with asking rents rising year over year (Q1 2025).

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