Fully Renovated Mixed-Use Property for Sale – 850 Clarkson Ave This turnkey, property is an exceptional investment opportunity, delivered fully occupied for immediate cash flow. Residential Units Total of four modern apartments: (2) four-bedroom units (2) two-bedroom units. Each unit equipped with its own dedicated boiler for independent heating. All residential tenants guaranteed by the Section 8 program, ensuring stable, government-backed rental income. Commercial Space Street-level store fronts, fully renovated. Separate utilities for commercial tenants Investment Highlights, NOI: $257,000. Owner pays only for water and common area electricity. Updated systems throughout: plumbing, electrical, and heating. High rental demand in a rapidly developing neighborhood Strong Future Growth Potential.
The property is located near major developments that will add over 1,000 new residential units within a 2-mile radius by 2026:
329 Clarkson Ave (Clarkson Estates): 328 units, under development.
564 Utica Ave (Utica Crescent): 325 units, under development.
406 Remsen Avenue: 96 units, under development.
407 Remsen Avenue: 56 units, under development. ETC…….
These projects are expected to further boost local demand and long-term value.