Working as a Bushwick real estate agent for nearly nine years, I’ve learned that the next deal can come from anywhere — sometimes from conversations that don’t even start about selling.
That’s exactly how the sale of 190 Stockholm Street came together — a six-family Bushwick building with three rent-stabilized units and three free-market units that closed last week. I had the privilege of representing the buyer.
What started as a conversation about property management turned into a multifamily sale.
How the Deal Came Together
In July, a Bushwick landlord I know asked if I’d consider property managing his portfolio. While I’ve been approached about management before, I’m passionate about sales — especially helping owners sell and buy multifamily properties in Bushwick and greater NYC.
Still, the portfolio size made me pause and explore the idea. So I reached out to colleagues, including my friend Anne Darer of Brownstone Property Group.
During our conversation about property management, Anne mentioned something unexpected:
“By the way, I have a building available in Bushwick — interested?”
She sent me the offering for 190 Stockholm Street, and I knew immediately who might buy it.
Earlier this year, I had a similar building listed nearby on DeKalb Avenue — same mix of free-market and rent-stabilized apartments — and had a buyer who missed out when that seller decided not to transact.
I sent the buyer the new opportunity. He made a strong offer, negotiations followed, and soon we were in contract.
The deal felt like it materialized out of thin air, but really, it came from staying in touch with people in the Bushwick real estate community.
Why Buyers Still Want Mixed Rent-Stabilized Buildings
Despite headlines, there is strong demand for certain rent-stabilized buildings — especially mixed buildings with stabilized and free-market units.
While rent-stabilized apartments can no longer convert to free-market under the 2019 rent laws, any units deregulated prior to 2019 remain permanently free-market — and those rent-growth opportunities can be attractive to investors.
There are different buyer profiles in the NYC multifamily space:
- Some want only free-market buildings
- Some buy purely stabilized assets
- Some only want land or development sites
- And some — including many active Bushwick buyers — specifically want buildings with a combination of rent-stabilized and free-market units
I actively work with investors seeking exactly this kind of property.
Real Estate Is Still About Relationships
This deal was a great reminder: in Bushwick real estate, conversations lead to opportunities.
Whether speaking with property owners, colleagues, or friends in the industry, every relationship has value — and sometimes, simply staying in touch leads to your next closing.
Thinking About Selling a Multifamily Building in Bushwick?
If you’re a Bushwick or Brooklyn property owner considering selling, or you’re a buyer looking for mixed free-market/rent-stabilized opportunities, I’d love to help.
📞 Call me: 203-209-3640
Bushwick & NYC Multifamily Agent | 9 Years Experience
And if you need a reliable Brooklyn-based property manager, contact:
Anne Darer — Brownstone Property Group
📞 917-373-5000
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