239 Kingston AveBrooklyn, NY 11213

This exceptional investment opportunity presents two adjacent vacant mixed-use buildings totaling 6,201 square feet on a 2,925 square foot lot in Brooklyn, NY (zip code 11213). The property, zoned R6, comprises two buildings: one a two-family with a storefront, and the other a four-family with a storefront, for a total of eight units and two retail spaces. The buildings are three stories each and offer significant value-add potential. Currently vacant, the pro forma net operating income (NOI) is $280,741, projecting an 8.02% cap rate based on the $3,500,000 asking price. Individual sale options are available at $1,650,000 and $1,850,000 respectively. Pro forma rents are estimated at $28,000 monthly, with annual expenses including property taxes, insurance, and potential repairs. This package presents a compelling opportunity for an owner/user or investor seeking a strong return in a desirable Brooklyn location. The price per unit is $437,500, and the price per square foot is $564.43. The property is situated in Kings County and offers significant upside potential through lease-up and potential renovations. The combined annual pro forma rental revenue is $336,000.