EXECUTIVE SUMMARY 1425 Foster Avenue, Ditmas Park, Brooklyn, NY 11230 Asking Price: $2,199,000 | Building Size: ~3,400 SF | Delivered 100% Vacant THE OPPORTUNITY Positioned in one of Central Brooklyn's most vibrant commercial corridors, 1425 Foster Avenue presents a rare mixed-use investment opportunity. Spanning approximately 3,400 interior square feet across multiple levels plus a finished lower level, this classic brick property will be delivered 100% vacant at closing. This allows for immediate repositioning, owner-user occupancy, or a value-add leasing strategy without tenant buyout complications. PROPERTY HIGHLIGHTS * Turnkey Delivery: 100% Vacant on Day 1 for immediate occupancy or leasing. * Ground-Level Commercial (~1,700 SF): High-visibility storefront with direct street frontage along Foster Avenue. * Upper Residential Unit: Spacious 3-Bedroom, 2-Bathroom apartment ideal for high-end market rent or owner residence. * Finished Lower Level: Full basement providing substantial storage, utility housing, or auxiliary workspace. * Infrastructure: Solid brick construction featuring updated ductless heat pump heating/cooling systems and natural gas utilities. * Low Overhead: Favorable annual NYC property tax assessment (~$6,487/year), keeping holding costs minimal and maximizing NOI. LOCATION AND TRANSIT ADVANTAGE * Subway Proximity: Located under 500 feet from the Newkirk Plaza B/Q express subway station, ensuring constant daily foot traffic and direct access to Manhattan. * Strategic Corridor: Situated on Foster Avenue between Coney Island Avenue and East 15th Street at the border of Ditmas Park, Midwood, and Flatbush. * Local Anchors: Steps away from popular neighborhood dining, shopping strips, local banking, and PS 217. INVESTMENT STRATEGIES 1. Commercial Owner-User: Establish your retail store, medical office, or professional practice on the ground floor while using or renting the upper residence. 2. Value-Add Investor: Capitalize on strong Brooklyn market rents by leasing both units to achieve a projected 5.0% to 6.0% Pro Forma Cap Rate. 3. 1031 Exchange Target: Clean, unencumbered asset with straightforward management and low maintenance demands. PROPERTY FINANCIALS * Price: $2,199,000 * Building SF: 3,400 SF (~$646.76/SF) * Lot Size: 1,310 SF * Annual Property Taxes: ~$6,487 * Zoning: Commercial Overlay / Residential Mixed-Use