For Sale
$790,000

431 98Th StBrooklyn, NY 11212

Prime Brownsville location, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional mixed-use property at 431 E 98th St, Brooklyn, NY 11212, presents a compelling investment opportunity. The 1,840 square foot building, constructed in 1930, sits on a 1,000 square foot lot and boasts a desirable 7.13% cap rate with a Net Operating Income (NOI) of $56,342. The asking price is $790,000, translating to $429.35 per square foot. This two-story structure features one residential apartment and a commercial storefront, zoned R6, C1-3, offering flexibility for various uses. The commercial space is available vacant, allowing for immediate occupancy or lease-up. Its prime Brownsville location provides high foot traffic and visibility, enhanced by convenient access to public transportation and nearby amenities. This property is ideal for owner-occupants seeking a live-work arrangement or investors seeking strong returns in a growing Brooklyn neighborhood. The building's versatile layout and strategic location make it an attractive prospect for both short-term and long-term investment strategies. The strong community spirit and diverse demographic of Brownsville further contribute to the property's appeal. This is a rare opportunity to acquire a well-positioned mixed-use asset in a thriving Brooklyn neighborhood.

Highlights

  • High-traffic Brooklyn location with excellent visibility.
  • Mixed-use building with one residential unit and a commercial storefront.
  • Commercial space available vacant, ideal for owner-occupancy or investment.
  • Live/work opportunity or strong investment potential.
  • Convenient location near public transit and amenities.

Property Details for 431 98Th St

Property type
Retail properties, Mixed-use properties
Square Feet
1,840 SF
Year Built
1930
Buildings
1
Stories
2
Units
2

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.657962
Longitude
-73.914794
431 98Th St, Brooklyn, New York

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
431 98Th St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message