348 Knickerbocker Ave
Brooklyn, NY 11237
Bushwick- 6 Beds
- 4 Baths
- 3,792 sqft
6 Beds
4 Baths
3,792 sqft
Local Information
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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.
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.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.
Home Highlights
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Outdoor
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HOA
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Home Details for 348 Knickerbocker Ave
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Levels, Entrance, & Accessibility Stories: 3 |
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Year Built Year Built: 1931 |
Property Type / Style Property Type: Multi Family |
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Units in Building: 4 |
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Lot Area: 2450 sqft |
Price History for 348 Knickerbocker Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 04/06/2022 | $2,537,500 | Sold | StreetEasy #S1572773 |
| 02/01/2022 | $2,750,000 | Pending | StreetEasy |
| 11/15/2021 | $2,750,000 | Listed For Sale | StreetEasy |
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $32,640 |
| Assessment | $1,135,000 |
Home facts updated by county records
Comparable Sales for 348 Knickerbocker Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.07 | Multi-Family Home | $2,700,000 | 10/02/25 | 8 | 4.5 | 5,274 | |
0.20 | Multi-Family Home | $1,400,000 | 05/30/25 | 8 | 4 | 3,000 | |
0.35 | Multi-Family Home | $2,220,000 | 03/13/26 | 6 | 3 | 3,640 | |
0.28 | Multi-Family Home | $1,582,500 | 07/18/25 | 6 | 4 | 2,100 | |
0.24 | Multi-Family Home | $1,200,000 | 01/23/26 | 5 | 3 | 2,112 | |
0.17 | Multi-Family Home | $3,315,000 | 01/08/26 | 14 | 5.5 | 5,760 | |
0.30 | Multi-Family Home | $750,000 | 04/29/26 | 9 | 4 | 2,850 | |
0.49 | Multi-Family Home | $1,670,000 | 05/08/26 | 7 | 4 | 3,200 | |
0.42 | Multi-Family Home | $1,591,000 | 12/03/25 | 4 | 3 | 2,720 | |
0.50 | Multi-Family Home | $2,650,000 | 02/03/26 | 5 | 3 | 5,000 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 348 Knickerbocker Ave.
What Locals Say about Bushwick
At least 1447 Trulia users voted on each feature.
90 % Say it's walkable to grocery stores
90 % Say there are sidewalks
87 % Say it's dog friendly
85 % Say it's walkable to restaurants
69 % Say streets are well-lit
61 % Say kids play outside
60 % Say people would walk alone at night
58 % Say there's holiday spirit
52 % Say neighbors are friendly
49 % Say they plan to stay for at least 5 years
45 % Say yards are well-kept
43 % Say there are community events
33 % Say parking is easy
32 % Say it's quiet
31 % Say car is needed
30 % Say there's wildlife
Sourced by Trulia users. Learn more about our methodology.
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348 Knickerbocker Ave, Brooklyn, NY 11237 is a 6 bedroom, 4 bathroom, 3,792 sqft multi-family built in 1931. 348 Knickerbocker Ave is located in Bushwick, Brooklyn. This property is not currently available for sale. 348 Knickerbocker Ave was last sold on Apr 6, 2022 for $2,537,500. The current Trulia Estimate for 348 Knickerbocker Ave is $2,853,200.

