Excellent investment opportunity in the heart of Brooklyn! This well-maintained mixed-use property features 2 commercial stores and 6 residential apartments on a 20×100 building situated on a 20×100 lot. The residential units offer a total of 9 bedrooms and 6 bathrooms. Two apartments are market-rate (unregulated), while the remaining four apartments are rent-stabilized, providing a desirable balance of stable income and future upside. The property generates an impressive 6% cap rate with an annual net income of approximately $176,877. Ideally located on bustling Avenue U with excellent foot traffic, surrounded by shopping, restaurants, schools, and public transportation. A rare opportunity for investors seeking strong cash flow and long-term value.
Excellent investment opportunity in the heart of Brooklyn! This well-maintained mixed-use property features 2 commercial stores and 6 residential apartments on a 20×100 building situated on a 20×100 lot. The residential units offer a total of 9 bedrooms and 6 bathrooms. Two apartments are market-rate (unregulated), while the remaining four apartments are rent-stabilized, providing a desirable balance of stable income and future upside. The property generates an impressive 6% cap rate with an annual net income of approximately $176,877. Ideally located on bustling Avenue U with excellent foot traffic, surrounded by shopping, restaurants, schools, and public transportation. A rare opportunity for investors seeking strong cash flow and long-term value.
Listing Courtesy of Tiger Realty