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/5434596
Address:
New York, NY 11203
Ownership: For Sale
Type: Unknown
Bedrooms: 10 BR

Financials

Price:$3,900,000
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 (4) Four 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

  • Breakfast Bar
  • Cable - Available
  • Cable Connected
  • Corner Lot
  • Eat-in Kitchen
  • Electricity Available
  • Electricity Connected
  • ENERGY STAR Qualified Door(s)
  • Entrance Foyer
  • Formal Dining
  • Galley Type Kitchen
  • Granite Counters
  • High ceiling
  • High Speed Internet
  • Kitchen Island
  • Low Flow Plumbing Fixtures
  • Marble Counters
  • Natural Gas Available
  • Natural Gas Connected
  • Natural Woodwork
  • Near School
  • Near Shops
  • Open Kitchen
  • Other
  • Paved
  • Phone Available
  • Phone Connected
  • Primary Bathroom
  • Private
  • Sewer Available
  • Sewer Connected
  • Trash Collection Public
  • Underground Utilities
  • Views
  • Water Available

Contact

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