For Sale
$3,495,000

1435 64Th St Brooklyn, NY 11219

High-Yield Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional mixed-use property, located at 1435 64th Street in Brooklyn, NY (zip code 11219), presents a compelling investment opportunity. The 6,540 square foot building, constructed in 1920 and extensively renovated in 2022, boasts a Class A designation and features a blend of retail, office, and multifamily spaces. Currently operating at 100% occupancy with five tenants, the property generates a substantial net operating income (NOI) of $207,000, translating to an attractive 5.92% cap rate. The building comprises three stories and sits on a desirable corner lot, benefiting from high foot traffic and proximity to public transportation, including the D subway line. The property is zoned M1-1 and features separate utility meters and hot water tanks for each unit. Leases are structured with a 3% rent bump at renewal, ensuring consistent income growth. The asking price is $3,495,000. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use asset in a thriving Brooklyn neighborhood. The sale includes the ground floor retail storefront/office duplex, which will be delivered vacant upon closing. The remaining units are occupied by top-paying tenants. This property is ideal for owner-users or investors seeking a strong return on investment.

Highlights

  • $3,495,000 asking price for this mixed-use property in Brooklyn, NY.
  • 6,540 square feet, with 5,950 square feet of net rentable space.
  • 5.92% cap rate, generating a $207,000 NOI.
  • 100% occupancy with five tenants, including a ground floor retail storefront/office duplex that will be delivered vacant.
  • Located at 1435 64th St, Brooklyn, NY 11219, a corner lot with high foot traffic near public transportation.
  • Three-story building, built in 1920 and renovated in 2022, offering a mix of convenience store, executive office, and storefront spaces.

Property Details for 1435 64Th St

Property type
Retail properties, Office properties
Square Feet
6,540 SF
Class
A
Year Built/Renovated
1920/2022
Buildings
1
Stories
3

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.624584380973
Longitude
-73.997569813802

FAQs

What type of property is this?
Retail property - High-Yield Investment Opportunity
Where is the retail property located?
The property is located at 1435 64Th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: $3,495,000 asking price for this mixed-use property in Brooklyn, NY.; 6,540 square feet, with 5,950 square feet of net rentable space.; 5.92% cap rate, generating a $207,000 NOI.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1435 64Th St
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