1108 Blake Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11208- East New York
$1,500,000 USD
718-437-6100
1108 Blake Ave, Brooklyn, NY for Sale
$1,500,000 USD
Storefront Retail/Residential - FOR SALE
1/11
null | Request Cap Rate

1108 Blake Ave
Brooklyn, NY 11208
East New York


OVERVIEW

Prime Mixed-Use Investment Opportunity in East New York, Brooklyn 3-Story Corner Property | Approx. 3,000 SF | 1 Retail Unit + 2 Residential Units Occupancy: 25% (Retail Space is Occupied) Established Deli Tenant in Place Through 2030 with Annual Rent Increases Projected 8.6% Cap Rate Supported by Approximate Pro Forma NOI of $132,834 Multiple Income Streams Providing Stable Cash Flow and Long-Term Investment Potential High-Visibility Corner Location Near Montauk and Atkins Avenues with Strong Foot and Vehicle Traffic Glass Storefront with Excellent Signage, Strong Frontage, and Ground Floor Access Move-In Ready Turnkey Space with Plumbing in Place Private Garage Parking Plus Additional Street Parking Close Proximity to Public Transit, Major Subway and Bus Lines, Highways, and Dense Residential Population

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$500 USD /SF

CAP RATE

Request Cap Rate

% 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

Shlomi BagdadiTri State CommercialMore Info
718-437-6100

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Shlomi BagdadiTri State CommercialMore Info
718-437-6100

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