Corner mixed-use building in a strong residential and retail corridor
Free market, income-producing asset
Fully gut-renovated building
Four spacious two-bedroom apartments with hardwood floors
Two established commercial spaces (daycare and restaurant)
Fully finished basement featuring two offices and a private bathroom
5,625 SF building (approx)
First floor is ~25’x100’, second and third floor are 25’x64’
Strong in-place income: $255,954 annual gross with upside
NOI: $202,597.
6.59% cap rate at asking
7.06% potential cap rate
Well maintained and professionally managed
Stable tenant mix
Commercial tenants cover 40% of property taxes + 50% of DEP Charges
Surrounded by established restaurants, cafés, and neighborhood businesses
Minutes to Bushwick and Williamsburg, blocks from the L and M trains.
Exceptional long-term investment opportunity in one of Queens’ most sought-after neighborhoods
All boilers replaced within the last 5 years
Plumbing systems upgraded within approximately the last 20 years
Electrical systems upgraded within approximately the last 20 years
Exterior masonry pointed within approximately the last 20 years
Major capital improvements already completed
Mechanically modernized with low deferred maintenance profile