600 E 16th St - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11226- Flatbush-Ditmas Park
$1,900,000 USD
212-256-1795
600 E 16th St, Brooklyn, NY for Sale
$1,900,000 USD
Storefront Retail/Residential - FOR SALE
1/1
null | 6.45% Cap Rate

600 E 16th St
Brooklyn, NY 11226
Flatbush-Ditmas Park


OVERVIEW

4 Newkirk Plaza offers a rare, income-producing mixed-use asset — two apartments and a ground-floor retail restaurant — sitting directly at the entrance of the Newkirk Plaza B/Q subway station in Ditmas Park/Flatbush, Brooklyn. The plaza sees over 10,000 visitors pass through daily, delivering exceptional built-in foot traffic and visibility for the retail tenant, while residents enjoy express B and all-times Q service straight into Manhattan. The surrounding Ditmas Park area is one of Brooklyn's most admired, transit-rich residential enclaves, anchoring strong long-term demand. This is a compelling combination of stable current income and upside in a supply-constrained, transit-anchored submarket.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$565 USD /SF

CAP RATE

6.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1933

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

R6 w/ C1-3 Overlay (S2)

APN/PARCEL ID

05237-0003

ASK ABOUT THIS PROPERTY

John BarneyJ.P Weber Inc.More Info
212-256-1795

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John BarneyJ.P Weber Inc.More Info
212-256-1795

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