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BUSHWICK AVE<br />
CENTRAL AVE<br />
DEKALB AVE<br />
PROPERTY OVERVIEW<br />
1351 DeKalb Ave <strong>Bushwick</strong>, Brooklyn<br />
EXECUTIVE SUMMARY<br />
PROPERTY FEATURES<br />
1351 Dekalb is a partially built multi-family development centrally located in the <strong>Bushwick</strong><br />
Submarket of Brooklyn, NY. The approved plans are for 27 apartments including 6 studios, 12<br />
one bedrooms, and 9 two bedrooms. Additionally, there will be 1 community facility space and<br />
14 covered parking spaces. The gross square footage of the building will be 35,264 SF.<br />
This development has the flexibility to be either high-end rentals or a condominium building.<br />
With significant work still required to finish the building, this project provides an excellent<br />
opportunity for a developer to add substantial value. The current developers are projecting an<br />
additional $5,200,000 to complete the project.<br />
LOCATION<br />
<strong>Bushwick</strong><br />
STORIES<br />
5<br />
RESIDENTIAL UNITS<br />
27<br />
BUILDING SQ FT.<br />
35,264 (Planned)<br />
In the last 5 years, <strong>Bushwick</strong> has quickly become a luxurious but still affordable alternative<br />
to Williamsburg and Greenpoint. According to Bloomberg, in 2018, <strong>Bushwick</strong> had the largest<br />
percentage increase on the list of most expensive neighborhoods in all of New York City. More<br />
and more affluent young people are choosing <strong>Bushwick</strong> for its access to mass transit as well as<br />
its trendy atmosphere.<br />
LOT SQ. FT.<br />
75’ x 114’<br />
(Irregular)<br />
PARKING<br />
SPACES<br />
14<br />
ASSESSED<br />
VALUE<br />
$92,700<br />
BLOCK/LOT<br />
03234/<br />
0052<br />
REAL ESTATE<br />
TAXES<br />
$3,605<br />
Tax map<br />
30 | Rosewood Realty Group • <strong>Offering</strong> <strong>Memorandum</strong><br />
Rosewood Realty Group • <strong>Offering</strong> <strong>Memorandum</strong> | 31
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