Alpha Realty has listed 452 Harman Street for sale, a fully renovated six-unit free-market multifamily building in Bushwick, Brooklyn. The property is offered at $3,250,000 with a 6% cap rate and holds a Protected Tax Class 2A designation.
— Alpha Realty Investment Sales is marketing the sale of 452 Harman Street, a fully renovated six-unit multifamily building located in the Bushwick neighborhood of Brooklyn, a popular rental and investment market.
Situated on a tree-lined block between Wyckoff Avenue and St. Nicholas Avenue, the property is a four-story walk-up containing six residential apartments across approximately 4,762 square feet. The building has been fully renovated, with finishes throughout each unit, and offers in-place cash flow along with long-term tax advantages. The asset operates as a 100% free-market multifamily property, without the restrictions associated with rent-regulated housing.
The property also holds a Protected Tax Class 2A designation, a New York City tax classification that limits annual assessment increases and helps preserve predictable operating expenses and reduced exposure to future tax growth for ownership.
452 Harman Street generates approximately $257,811 in Effective Gross Income and produces a Net Operating Income of approximately $200,843 annually, with tenants responsible for their own heating expenses. The building’s unit mix consists of four three-bedroom apartments and two one-bedroom apartments.
Bushwick has seen continued residential and commercial growth in recent years, with a mix of restaurants, retail, and cultural venues in the surrounding area. The property is also within walking distance of the Wyckoff Avenue, DeKalb Avenue, and Seneca Avenue transit stations, providing access throughout Brooklyn, Queens, and Manhattan, a level of transit access that supports consistent rental demand in the surrounding area.
452 Harman Street is being offered for sale at $3,250,000, reflecting a 6% cap rate.
For additional information regarding 452 Harman Street or to schedule property tours, please contact Lev Mavashev or Daniel Aminov at Alpha Realty Investment Sales.
About the company: Alpha Realty is a New York City investment sales brokerage focused on multifamily and mixed-use properties throughout Brooklyn, Manhattan, and the surrounding boroughs. The firm works closely with owners, investors, and developers to guide acquisitions, dispositions, and long-term positioning, combining deep local market knowledge with hands-on deal execution.
Contact Info:
Name: Lev Mavashev
Email: Send Email
Organization: Alpha Realty – Investment-Sales | NYC Multifamily
Address: 164 20th St Suite 3D, Brooklyn, NY 11232
Phone: (212) 658-0955
Website: https://www.alpharealtyny.com/
Release ID: 89197546
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