49-55 Cumberland St - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11205- Brooklyn Navy Yard
$3,500,000 USD
347-446-4937
49-55 Cumberland St, Brooklyn, NY for Sale
$3,500,000 USD
Storefront Retail/Residential - FOR SALE
1/10
null | 9.35% Cap Rate

49-55 Cumberland St
Brooklyn, NY 11205
Brooklyn Navy Yard


OVERVIEW

Presenting 55 Cumberland Street, a rare opportunity to acquire a 10-unit, rent-stabilized mixed-use building in a prime Brooklyn location at the crossroads of Fort Greene and the Brooklyn Navy Yard. This well-positioned asset consists of 10 residential units and 2 ground-floor commercial spaces, offering a balanced income stream with long-term upside. Notably, the majority of residential units are expected to be delivered vacant, providing a unique value-add opportunity for investors to reposition, renovate, and maximize rental potential in a high-demand market. The property spans approximately 7,680 square feet on a 2,630 square foot lot, with residential units averaging 648 square feet. The building also includes 1,200 square feet of retail space, ideal for neighborhood-serving tenants that benefit from strong foot traffic and continued growth in the surrounding area. From a zoning perspective, the property presents a compelling profile with a current FAR of 2.92 and a maximum allowable FAR of 2.0 for commercial and 4.8 for community facility use. While the property is currently overbuilt, investors can capitalize on the existing footprint and explore long-term strategic positioning. Situated on a quiet block yet moments from vibrant Fort Greene, Clinton Hill, and the rapidly expanding Brooklyn Navy Yard, the location offers exceptional access to transportation, retail, and cultural amenities. This dynamic corridor continues to see strong residential demand, making it an ideal setting for long-term growth and stability. Whether you’re seeking a value-add rental investment, portfolio expansion, or a strategic mixed-use asset in a thriving Brooklyn neighborhood, 55 Cumberland Street delivers scale, location, and upside.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$456 USD /SF

CAP RATE

9.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,034 SF

ZONING

M1-2

APN/PARCEL ID

02030-0056

ASK ABOUT THIS PROPERTY

Santo RosabiancaThe Corcoran GroupMore Info
347-446-4937

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Santo RosabiancaThe Corcoran GroupMore Info
347-446-4937

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