2 Locations

Investment Property Realty Group (IPRG) is pleased to present 1557 & 1494 DeKalb Avenue, two contiguous multifamily buildings in vibrant

Bushwick, Brooklyn. This 13-unit portfolio, spanning 12,560 square feet, features a mix of rent-stabilized and free market apartments with

strong cash flow and value-add potential. Priced at $2,495,000, the properties generate a current NOI of $146,501 (5.87% cap rate). Upon

leasing the vacant units in 1557 DeKalb Avenue, the pro forma NOI reaches $176,513, yielding a 7.07% cap rate. Located near the L train and

trendy amenities, this portfolio is a prime investment opportunity in a high-demand market.

Overview

• 1494 DeKalb Avenue: 25’ x 60’, 5 units (3 rent-stabilized, 2 free market), 4,500 SF, $136,262 annual gross income.

• 1557 DeKalb Avenue: 31’ x 65’, 8 units (all rent-stabilized, 2 vacant), 8,060 SF, $117,217 current gross income ($150,608 pro forma after

leasing vacant units).

Financial Snapshot

-Current: $253,479 gross income, $245,875 EGI, $146,501 NOI, 5.87% cap rate, 9.84 GRM, $178,214 PPU, $198.65 PPSF.

-Pro Forma (with 1557 DeKalb vacant units leased): $286,870 gross income, $278,264 EGI, $176,513 NOI, 7.07% cap rate, 8.70 GRM.