321 MENAHAN ST BROOKLYN NY 11237, BROOKLYN, NY 11237

321 Menahan Street presents a compelling opportunity to purchase a well-maintained 6-unit multifamily building in the heart of Bushwick, one of Brooklyn’s most active and high-demand rental markets. Spanning 4,875 square feet above grade, the property is offered at an attractive $267/SF basis, well below today's replacement cost, and delivers a strong 6.6% in-place cap rate at asking.

The asset has been consistently maintained and thoughtfully upgraded, including the renovation of two units to high-end 2-bedroom finishes, offering meaningful and financeable stabilized income. Situated just steps from the Myrtle–Wyckoff transit hub, the property provides access to both the L and M subway lines, offering seamless transportation to Manhattan and North Brooklyn. The surrounding neighborhood continues to boast strong demand, population growth, an influx of new retail - such as Whole Foods - and institutional capital.

With protected annual taxes of $12,176 (Tax Class 2A) and a compliance-clean asset, 321 Menahan Street represents a rare chance to acquire strong cash-flow with a meaningful entry basis in one of Brooklyn’s most dynamic submarkets.