403 Himrod St Brooklyn, NY 11237

This exceptional three-story, 4,875 square foot retail building located at 403 Himrod Street in Brooklyn, New York, presents a compelling investment opportunity. Priced at $1,200,000, this property boasts a strong 8.14% cap rate and a net operating income (NOI) of $97,671. The building features six fully renovated two-bedroom railroad apartments, ensuring a stable income stream. Each unit has undergone a complete renovation. The property benefits from a protected Tax Class 2A designation, limiting year-over-year property tax increases, providing predictable operating expenses. Situated on a desirable, tree-lined street in Bushwick, the building enjoys excellent accessibility. It's within walking distance of the Myrtle-Wyckoff Avenue L train station and the Wyckoff Ave/Dekalb Ave B13 bus line, offering convenient transportation throughout the five boroughs. The vibrant neighborhood is experiencing significant growth and development, with numerous restaurants, shops, and other amenities nearby, including Maria Hernandez Park just blocks away. The lot size is 2,500 square feet, and the permitted zoning is R6. This turnkey investment offers a rare combination of strong financial performance and a prime location in a rapidly appreciating area. Don't miss this chance to acquire a stable, high-yielding asset in a thriving Brooklyn neighborhood.