Marcus & Millichap - New York Multifamily is pleased to present 201 Irving Avenue, a five-unit mixed-use property located in Brooklyn, NY. Comprising four free market residential units—each with railroad two-bedroom layouts—and one 1,250 square foot commercial space and 4 rear garages (separate tax lot at 277 Himrod Street), the asset totals 5,100 gross square feet. All residential units are currently occupied with MTM rents well below market, providing immediate upside through repositioning. The ground floor deli tenant, A & O Grocery Corp, is secured on a long-term lease, offering stable cash flow and upside upon renewal. The retail space boasts a walk-in freezer and has subgrade storage in the cellar. The assets combine to a 2,000 square-foot lot and benefit from R6 Zoning in a highly walkable Brooklyn location primed for both residential and retail demand growth. This asset is ideally suited for hands-on investors seeking value-add upside and durable cash flow in Brooklyn’s competitive mixed-use landscape.