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
Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Trash Collection Public, Underground Utilities, Water Available
SEWER
Public Sewer
WATER SOURCE
Public
Year Built
1931
Basement
Finished, Full, Walk-Out Access
FOUNDATION
Other
Parking Features
None
Lot Features
Corner Lot, Near School, Near Shops, Other, Paved, Private, See Remarks, Views
CITY
Brooklyn
COUNTY
Kings (Brooklyn)
STATE
NY
SENIOR COMMUNITY
No
TAX AMOUNT
28000.0
LATEST UPDATE
2026-04-25T07:44:47.789Z
DAYS ON MARKET
1
PRICE CHANGE(S)
$3,900,000 Apr 24, 2026
CUMULATIVE DAYS ON MARKET
1
Property Details
Property TypeResidential Income
StatusActive
Bedrooms10
Property Sub TypeQuadruplex
MLS #990289
HeatingENERGY STAR Qualified Equipment
CoolingENERGY STAR Qualified Equipment
Utility FeaturesCable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Trash Collection Public, Underground Utilities, Water Available
SEWERPublic Sewer
WATER SOURCEPublic
Year Built1931
BasementFinished, Full, Walk-Out Access
FOUNDATIONOther
Parking FeaturesNone
Lot FeaturesCorner Lot, Near School, Near Shops, Other, Paved, Private, See Remarks, Views
CITYBrooklyn
COUNTYKings (Brooklyn)
STATENY
SENIOR COMMUNITYNo
TAX AMOUNT28000.0
LATEST UPDATE2026-04-25T07:44:47.789Z
DAYS ON MARKET1
PRICE CHANGE(S)
$3,900,000 Apr 24, 2026
CUMULATIVE DAYS ON MARKET1
Market Trends
New Properties On Market
9
31%
Decrease In New Listings
Average Asking Price
$686,466
$746,572 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$420
$442 Decrease In List Price/Sq. Ft.
Average Days On Market
2
13 Day
Decrease In Days On Market
Data as of Jun 04, 2026.
Remaining statistics above are calculated on activity within the period from Apr 01, 2026 to May 31, 2026.
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