241 Blake Ave
Brooklyn, NY 11212
Brownsville
HIGHLIGHTS
- Both 3BR/1BTH units vacant and recently renovated — lease immediately at full market rent.
- Tax Class 1 with just $3,929 in annual real estate taxes — exceptionally low for mixed-use.
- Owner-user opportunity: occupy one unit while collecting in-place retail income at street level.
- Well-suited for Section 8 or affordable housing programs with reliable, subsidized income.
- Corner location at Chester Street and Blake Avenue in rapidly evolving Brooklyn submarket.
- Projected 8.25% cap rate with $98,956 NOI and 9.41 GRM on market rents.
FOR SALE DETAILS
PRICE
$1,200,000 USD
PRICE/SF
$426 USD /SF
# OF UNITS
2
PRICE/UNIT
$600,000
CAP RATE
8.25%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
241 Blake Ave
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1926
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.02 AC
LAND SF
1,013 SF
ZONING
R6
APN/PARCEL ID
03543-0001
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914-561-8609
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914-561-8609
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