Water Front Luxury Realty

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$2,000,000
1 Day On Site

657 Knickerbocker Avenue
Brooklyn, NY 11221

For Sale|Multi Family|Active
0
Beds
0
Total Baths
6,500
SqFt
$308
/SqFt
1931
Built
County:
Kings (Brooklyn)
Listing courtesy of Capri Jet Realty Corp theo@caprijetrealty.com

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657 Knickerbocker Avenue657 Knickerbocker Avenue657 Knickerbocker Avenue657 Knickerbocker Avenue
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Mortgage Calculator

Monthly Payment (Est.)

$9,125
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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.

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Listing Snapshot
Price 
$2,000,000
Days On Site 
1 Day
Bedrooms 
N/A
Inside Area (SqFt) 
6,500 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.0559 Acres
Year Built 
1931
MLS® Number 
897399
Status 
Active
Property Tax 
$22,832.92
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayListing first seen on site
yesterdayListing updated with changes from the MLS®
General Features
Acres 
0.0559
Cross Street 
Putnam Ave
Number Of Stories 
4
Parking 
Garage
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Total 
6500
Utilities 
Natural Gas AvailableElectricity AvailableWater Available
Water Source 
Public
Interior Features
Basement 
Full
Cooling 
Wall/Window Unit(s)
Flooring 
Hardwood
Heating 
Natural Gas
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Exterior Features
Construction Details 
Brick
Community Features
School District 
Brooklyn 32
Schools
School District
Brooklyn 32
Elementary School
Ps 106 Edward Everett Hale
Middle School
Jhs 291 Roland Hayes
High School
Academy Of Urban Planning And Engineering (The)
Listing courtesy of Capri Jet Realty Corp theo@caprijetrealty.com


Based on information submitted to the MLS GRID as of 2025-08-06 04:03 AM EDT. 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.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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