RealtyLens
for saleRealtyLens property overview
$5,700,000

433 Dekalb Ave

Brooklyn, NY, 11205
View more Brooklyn, NY property pages
18Beds
6Baths
7,020Sqft
$812$/sqft

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

Below nearby median-39%

$812/sqft vs a nearby median of $1322/sqft.

Nearby median$1322/sqft
Nearby properties10
Property size7,020 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

Yardstick fair value$9.42M$8.57M$10M · 50% confidence
vs ask $5.70M−$3.72M (−65.2%)

Asking price is about 65.2% below the fair value — likely to draw competing offers if it's still on market.

$1,322/sqft median across 7 tight comps × 7,020 sqft= $9.28M
  • Days-on-market gravity−$278k −3.0%
  • Transit access+$232k +2.5%
  • Pre-war character+$232k +2.5%
  • Visible condition issues−$46k −0.5%
Cumulative NYC adjustments+$139k+1.5%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position-39% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read2 items to check
AI ReadinessReady to analyze
Assistant read

Generate a buyer-agent read of this listing — pricing, risks, comp check, and negotiation leverage. Takes a few seconds.

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

Security FeaturesTwo Or More StoriesModern KitchenRental PropertyEfficientInvestment OpportunityShopping

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

May 4, 2026Initial record
$5,700,000for sale

Public Records

DOB violations1 open

19 total recorded against the building

HPD violations0 open

81 total recorded

ACRIS documents27

Tax-lot deed, mortgage, and transfer records on file

311 calls (12 mo)23,095

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.

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.