Fully Renovated Mixed Use Property for Sale This turnkey, fully occupied mixed use property presents a compelling investment opportunity with immediate, stable cash flow and strong long term upside in ...


Property

Website: https://www.nestseekers.com/5433978
Address:
New York, NY 11203
Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio

Financials

Price:$3,999,000
Annual Taxes:$28,000

Description

Fully Renovated Mixed-Use Property for Sale This turnkey, fully occupied mixed-use property presents a compelling investment opportunity with immediate, stable cash flow and strong long-term upside in a rapidly developing Brooklyn corridor. Residential Component Four (4) fully renovated apartments (2) Four-bedroom units (2) Two-bedroom units Each unit features independent boilers for separate heating control 100% occupied with Section 8 tenants, providing reliable, government-backed income All Apartments Free Market with annual leases Commercial Component Two Street-level retail storefront(s) Fully renovated spaces Separate utilities for commercial tenants Investment Highlights Minimal owner expenses: landlord responsible only for water and common area electricity Fully upgraded systems: plumbing, electrical, and heating Immediate cash flow Strong tenant demand in high-growth submarket Location & Growth Drivers Strategically located near major development projects expected to significantly enhance the area’s residential density and economic activity: 329 Clarkson Avenue (Clarkson Estates) – ~328 Units Finished 2026 564 Utica Avenue (Utica Crescent) – ~325 Units Under Development These projects, along with additional nearby developments, are projected to bring **over 1,000 new residential units within a 2-mile radius by 2027**, driving increased foot traffic, rental demand, and long-term asset appreciation. Investment Summary This offering combines: Stable, government-backed residential income Retail upside potential Low management intensity Positioning in a growth corridor Ideal for investors

Amenities

  • Cable - Available
  • Cable Connected
  • Electricity Available
  • Electricity Connected
  • Fire Alarm
  • Fire Escape
  • Natural Gas Available
  • Natural Gas Connected
  • Phone Available
  • Phone Connected
  • Security System
  • Sewer Available
  • Sewer Connected
  • Trash Collection Public
  • Underground Utilities
  • Water Available
  • Water Connected

Contact

578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Real Estate Concept Group Inc