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
HeatingBaseboard, ENERGY STAR Qualified Equipment, Natural Gas
CoolingWall/Window Unit(s)
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, Water Connected
SEWERPublic Sewer
WATER SOURCEPublic
Year Built1931
BasementFinished, Full
FOUNDATIONConcrete Perimeter
Parking FeaturesOn Street
CITYBrooklyn
COUNTYKings (Brooklyn)
STATENY
TAX AMOUNT28000.0
LATEST UPDATE2026-04-27T18:22:20.581Z
DAYS ON MARKET3
PRICE CHANGE(S)
$3,999,000 Apr 24, 2026
CUMULATIVE DAYS ON MARKET3
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 03, 2026.
Remaining statistics above are calculated on activity within the period from Apr 01, 2026 to May 31, 2026.
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