This is a value-add mixed-use investment opportunity located at 855 Broadway in Brooklyn, NY. The property consists of 4 residential units and 1 commercial unit and is being offered at a 6.0% cap rate with additional upside potential.
The asset features strong in-place income with the opportunity to increase rents and improve overall returns through unit turnover and lease restructuring. The commercial space is currently occupied and offers flexibility for repositioning or rental growth.
The residential units are below market, providing an investor with clear value-add potential over time. The property presents a stable income stream with the ability to enhance cash flow through active management.
Located along the Broadway corridor in Brooklyn, the property benefits from high foot traffic, strong surrounding retail, and close proximity to the J, Z, and M subway lines. The area continues to see consistent demand driven by nearby Williamsburg and Bushwick.
Additional financials and details are available upon request.