The listing facts are current enough for an initial property review.
433 Dekalb Ave
Listing Notes
Welcome to 433 DeKalb Avenue, a boutique four-story, eight-unit free-market rental building ideally located on the border of Clinton Hill and Bedford-Stuyvesant. Perfect for a 1031 exchange or long-term hold, this asset offers investors stable income with upside potential. The building is fully occupied, generating consistent cash flow from day one, with additional room for rent growth as leases turn over. There is an assumable Freddie Mac loan in place at a 4% interest rate (17 years remaining) for $3.5M- sweetening the investment opportunity. There is also an additional 3780 sqft of FAR. Units feature efficient layouts, hardwood floors, modern kitchens and baths, and oversized windowsensuring strong tenant demand and retention. With utilities separately metered and low operating expenses, the property delivers reliable net operating income and an attractive 6% cap rate based on projected 2026 rents at the current asking price. Situated in one of Brooklyn's most dynamic rental markets, 433 DeKalb Avenue benefits from excellent transit access, local dining, shopping, and cultural amenities, making it a prime income-producing asset and a rare 1031 exchange opportunity.
Market Insights
$812/sqft vs a nearby median of $1322/sqft.
- -39% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 7,020 sqft creates a usable price-per-square-foot read.
Pricing Read
Asking price is about 65.2% below the fair value — likely to draw competing offers if it's still on market.
- Days-on-market gravity−$278k −3.0%
- Transit access+$232k +2.5%
- Pre-war character+$232k +2.5%
- Visible condition issues−$46k −0.5%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.
Listing Details
- Days on market
- 210 days
- Last price change
- No change recorded
- Listed
- Oct 14, 2025
- Photos
- 9 photos
- Property type
- multi family
- Status
- for sale
- Last sold
- Jul 21, 2022 · $4,500,000
Features & Amenities
Photos
Building Facts
- Year built
- 1905
- Stories
- 4
- Total units
- 9
- Residential units
- 8
- Building area
- 7,020 sqft
- Lot size
- 2,700 sqft
- Land use
- Mixed residential and commercial buildings
- Building class
- C7
From NYC public records where available.
Price History
Public Records
19 total recorded against the building
81 total recorded
Tax-lot deed, mortgage, and transfer records on file
Top: illegal parking
Top complaint types in ZIP 11205
- Illegal Parking10,546
- Noise - Residential1,312
- HEAT/HOT WATER651
- Noise - Street/Sidewalk646
- Street Condition597
Recent DOB
- Sep 23, 2024V*-DOB VIOLATION - DISMISSED · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Jul 2, 2008VW*-VIOLATION - WORK W/O PERMIT DISMISSED · C-CONSTRUCTION OTHER OPTIONAL
- Jan 3, 2008V*-DOB VIOLATION - DISMISSED · LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED
- Jan 19, 2007V*-DOB VIOLATION - DISMISSED · LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED
Recent HPD
- Nov 18, 2025Class I · §27-2107 ADM CODE OWNER FAILED TO FILE A VALID REGISTRATION STATEMENT WITH THE DEPARTMENT AS REQUIRED BY ADM CODE §27-2097 AND IS THEREFORE SUBJECT TO CIVIL PENALTIES, PROHIBITE...
- Dec 5, 2024Class B · § 27-2005, 2007 ADM CODE REMOVE ALL ENCUMBRANCES CONSISTING OF HANDLEBAR OF BICYCLE OBSTRUCTING PATHWAY AT PUBLIC HALL STAIRS, 1st STORY
- Jul 31, 2024Class C · § 27-2005, 27-2007, 27-2041.1 HMC, §238, § 309; § 107 (2) ( C) MDL AND 28 RCNY §25-171: REPLACE OR REPAIR THE SELF-CLOSING DOORS THAT IS MISSING OR DEFECTIVE HINGES AT LAUNDRY R...
- Jul 31, 2024Class C · § 27-2005, 27-2007, 27-2041.1 HMC, §238, § 309; § 107 (2) ( C) MDL AND 28 RCNY §25-171: REPLACE OR REPAIR THE SELF-CLOSING DOORS THAT IS MISSING OR DEFECTIVE HINGES IN THE ENTRA...
Recent Transfers (ACRIS)
- Jul 21, 2022DEED$4,500,000
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.