1108 Blake Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11208- East New York
$1,500,000 USD
203-321-3194
1108 Blake Ave, Brooklyn, NY for Sale
$1,500,000 USD
Storefront Retail/Residential - FOR SALE
1/11
null | 7.66% Cap Rate

1108 Blake Ave
Brooklyn, NY 11208
East New York


HIGHLIGHTS

  • Vacant Apartments
  • Corner Building

OVERVIEW

Invictus Property Advisors is pleased to present the exclusive offering of 1108 Blake Avenue, a three (3) unit mixed-use asset located in East New York, Brooklyn. The building comprises two (2) vacant free market residential units, and one occupied ground floor retail space is leased to a deli that runs through 2028. The property also has a two-car garage in the rear. The property is protected under Tax Class 1, which limits property tax increases year over year. Additionally, the lot benefits from QRS (Qualified Residential Site) designation and features a 2.5 FAR. It is also conveniently situated just five (5) blocks from the Shepherd Street Subway Station, served by the C line.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$500 USD /SF

CAP RATE

7.66%

% 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

2

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

R5 | C1-3

APN/PARCEL ID

04071-0031

ASK ABOUT THIS PROPERTY

Chase KirkpatrickInvictus Property AdvisorsMore Info
203-321-3194

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Chase KirkpatrickInvictus Property AdvisorsMore Info
203-321-3194

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