1401 Foster Ave Brooklyn, NY 11230

This exceptional mixed-use building at 1401 Foster Ave, Brooklyn, NY 11230, presents a lucrative investment opportunity. The 5,060 square foot property boasts a prime corner location in Kensington, offering maximum visibility and foot traffic. Currently 100% occupied, the building comprises four units: two spacious residential units and two versatile commercial units, generating a diversified rental income stream. The property is zoned R6A/C2-4, and sits on a 2,490 square foot lot, providing ample space for future expansion or development, including potential utilization of air rights. The asking price is $1,999,000, representing a compelling 6.00% cap rate and a price per square foot of $395.06. Conveniently located near the intersection of Foster Ave & Rugby Rd, the property benefits from excellent public transportation access, with the B & Q trains at Newkirk Ave and several bus lines nearby. The surrounding area is vibrant and features a diverse range of established businesses, including major retailers and local favorites. This is a rare opportunity to acquire a high-performing, mixed-use asset in a thriving Brooklyn neighborhood.