1108 Blake Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11208- East New York
$1,425,000 USD
646-840-8201
1108 Blake Ave, Brooklyn, NY for Sale
$1,425,000 USD
Storefront Retail/Residential - FOR SALE
1/2
null | 8.6% Cap Rate

1108 Blake Ave
Brooklyn, NY 11208
East New York


OVERVIEW

Exodus Capital is pleased to offer 1108 Blake Avenue for sale located on the corner of Blake Avenue between Montauk & Atkins with a total of 3,000 SF. The building consists of two, free market apartments over a deli and vacant garage which is 500 SF – ideal for storage or one car. The building is 20 x 50 and built back by 70. The asset is Tax Class 1 – with annual taxes of $3,508. There is organic upside in the rents with strong program tenant options and the ability to build to a low 9% return.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$475 USD /SF

CAP RATE

8.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

R5

APN/PARCEL ID

04071-0031

ASK ABOUT THIS PROPERTY

Haley HashoExodus CapitalMore Info
646-840-8201

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Haley HashoExodus CapitalMore Info
646-840-8201

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.