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 ...
| Website: | https://www.nestseekers.com/5434596 |
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| Address: | New York, NY 11203 |
| Ownership: | For Sale |
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| Type: | Unknown |
| Bedrooms: | 10 BR |
Financials
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
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578 Driggs Avenue Brooklyn, NY 11211
Phone: +1 718-302-0900
Fax: +1 718-228-3917
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| Listing Courtesy of Real Estate Concept Group Inc | |