2066 Flatbush AveBrooklyn, NY 11234

This exceptional investment opportunity presents a 3,600 square foot mixed-use building in Brooklyn's Flatlands neighborhood. The property features a well-established pharmacy on a new 9-year lease with a 3% annual rent increase, ensuring stable income and future growth. The building also includes two residential apartments, adding to the overall revenue potential. Recent renovations (2021-2023) exceeding $500,000 encompass a new roof, modern flooring, updated walls, lighting, and a security system. The fully functional basement adds further utility. The property boasts a 100% occupancy rate, generating a current NOI of $108,600 and a pro-forma NOI of $125,000, resulting in a 6.25% cap rate and a pro-forma cap rate of 7.18%. The asking price is $1,740,000, translating to $483 per square foot. This two-story building offers a compelling blend of retail and residential income streams in a thriving Brooklyn community. The current lease terms offer significant upside potential through future rent increases. This is a turnkey investment opportunity with immediate cash flow and long-term growth prospects.