Executive Summary
3-Story Corner Property for Sale in East New York - Projected CAP Over 8%
Highlights
Prime Mixed-Use Investment Opportunity in East New York, Brooklyn
3-Story Corner Property | Approx. 3,000 SF | 1 Retail Unit + 2 Vacant Residential Units
Established Deli Tenant in Place Through 2030 with Annual Rent Increases
Projected 8.6% Cap Rate Supported by Approximate Pro Forma NOI of $132,834
Multiple Income Streams Providing Stable Cash Flow and Long-Term Investment Potential
High-Visibility Corner Location Near Montauk and Atkins Avenues with Strong Foot and Vehicle Traffic
Glass Storefront with Excellent Signage, Strong Frontage, and Ground Floor Access
Move-In Ready Turnkey Space with Plumbing in Place
Private Garage Parking Plus Additional Street Parking
Close Proximity to Public Transit, Major Subway and Bus Lines, Highways, and Dense Residential Population
Map
Location
Located in East New York between Montauk Ave & Atkins Ave near the Shepherd Ave subway station.
Nearest Transit: C & A trains at Shepherd Ave and the B15, B14, & Q8 bus lines.
Nearby tenants include Mercy Construction Inc, Cypress Hills Playground, Intermediate School 218, Dell Liquor, Kinstate Community Center, Serendipity HRM Consulting LLC, Blake & Milford Day Care Center, All Nations New Testament Church of God Fellowship Inc, and more
Interested in this property?
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