? 325 Stockholm Street | Bushwick, Brooklyn 11237
7-Unit Rent-Stabilized Multifamily | Updated Cap Rate 6.64 %
Asking Price: $1,399,999
Current Cap Rate: 6.64 % | Pro Forma (1-Year 3 %) 6.90 % | Pro Forma (2-Year 4.5 %) 7.03 %
GRM (Current): 11.57 × | Price / Unit: $199,999 | Price / SF: $339
Building Size: 4,125 SF | Units: 7
? Property Description
Solid 7-unit rent-stabilized building nestled on a tree-lined block in the heart of Bushwick, Brooklyn.
Comprised of well-kept studio and one-bedroom apartments, the property offers steady cash flow with annual RGB guideline increases that ensure predictable rent growth.
Current gross rental income totals $121,012 annually ($10,084 monthly) against modest expenses of $28,590, yielding a current NOI of $93,012 and 6.64 % cap rate.
Under typical renewal cycles, NOI is projected to reach $98,458 within two years (7.03 % cap), providing a clear path for steady income growth without vacancy risk. Long-term ownership has kept the building well-maintained with updated mechanicals and select unit renovations.
Located steps from the L and M subways, Maria Hernandez Park, and Bushwick’s thriving restaurant and art scene, this asset offers a rare blend of stability and upside in one of Brooklyn’s most active multifamily markets.
? Investment Highlights
7-Unit Rent-Stabilized Multifamily — Stable, regulated asset with predictable cash flow
Current NOI: $93,012 | Cap Rate: 6.64 %
1-Year Pro Forma: NOI $96,642 | Cap 6.90 %
2-Year Pro Forma: NOI $98,458 | Cap 7.03 %
Gross Rent Multiplier (Current): 11.57 ×
Low operating expenses (≈ $28.6K) maximize net returns
All units benefit from annual RGB rent guideline increases
Opportunity for incremental NOI growth via renewals and vacancy improvements
Strong Bushwick location near Irving Ave & Knickerbocker Ave retail corridors
4,125 SF pre-war structure on quiet residential block — well maintained and professionally managed
Ideal for long-term investors seeking steady returns and asset appreciation
Active
$1,399,999
325 Stockholm St, Brooklyn, NY 11237
14beds
4,125sqft
Building
Built in 1931
-- sqft lot
$1,380,300 Zestimate®
$339/sqft
$-- HOA
What's special
Tree-lined blockQuiet residential block
- 96 days |
- 276 |
- 5 |
- Loading
- Loading