Prime Investment Opportunity in Sheepshead Bay – Mixed-Use Property with High Income Potential

Premier Mixed-Use Investment Opportunity in Sheepshead Bay

Discover unparalleled potential at 1637 Sheepshead Bay Road, a versatile mixed-use property situated in one of Brooklyn’s most vibrant and high-traffic neighborhoods. This expansive property offers incredible income-generating opportunities and untapped redevelopment potential, making it perfect for investors, developers, and visionaries alike.

Property Details:

• Lot Size: 50 ft x 177 ft | Zoning: C4-2

• Building Size: 13,149 SF

• Ground Floor & Lower Level: Commercial Unit (Owner-occupied by Monica’s Bridal, can be delivered vacant)

• Second Floor: 4 Residential Units (Three 2-bedroom apartments and one 1-bedroom apartment)

• Offering Price: $7,495,000

Highlights:

• Development Opportunity: With additional FAR available, bring your architect to explore redevelopment options and unlock the full potential of this property.

• Prime Commercial Space: The ground floor, currently home to the renowned Monica’s Bridal, is ideal for a new commercial tenant or a complete reimagining of the space.

• Location, Location, Location: Situated on bustling Sheepshead Bay Road, this property boasts 50 ft of frontage and is surrounded by major retailers like Chase Bank, Starbucks, CVS, and Stop & Shop.

Neighborhood Features:

• High-traffic area with easy access to public transportation, including the N, B subway lines and multiple bus routes.

• Close proximity to shopping, dining, and amenities in a thriving Brooklyn community.

Financial Overview:

• Total Annual Income (Apartments + prospective NNN Lease): $560,550

• Annual Operating Expenses:

• Insurance: $13,000

• Water: $1,500

• Sprinkler/Fire Alarm: $2,000

• Real Estate Taxes: $88,589

• Total Expenses: $105,089

• Net Operating Income (NOI): $445,461

CAP Rate: 6%

Whether you’re looking to capitalize on steady income, secure a high-demand commercial location, or embark on a redevelopment project, 1637 Sheepshead Bay Road offers the flexibility and potential to meet your goals. The development possibilities, combined with its prime location and stable income, make it a rare and attractive investment.

Contact us today to explore this unique opportunity!