337 Tompkins AveBrooklyn, NY 11216

Property Details for 337 Tompkins Ave

Property size (Sq ft)

2,262 SF

Property type

Retail properties

Property subtype

Mixed-use properties

Description

This exceptional three-story mixed-use building, located at 337 Tompkins Avenue in the vibrant Bedford-Stuyvesant neighborhood of Brooklyn, New York, presents a compelling value-add investment opportunity. The property boasts a total of 2,262 square feet situated on a 1,586 square foot lot and is zoned R6A/C2-4. The building comprises three units: two apartments and one retail space. Currently, the building enjoys 100% occupancy, with the retail space under lease until March 2025. The renovated retail space adds immediate value, and the strong tenant occupancy contributes to a healthy net operating income (NOI) of $85,376, resulting in a 6.00% capitalization rate. The asking price is $1,400,000, translating to $618.92 per square foot and $466,666.67 per unit. Its prime location places it steps away from various retailers and Herbert Von King Park, and just a short distance from the Fulton Street and A, C, and G train lines, ensuring excellent accessibility and high visibility. This property offers a rare blend of strong current income and significant upside potential for future growth, making it an ideal investment for discerning buyers seeking a well-positioned asset in a thriving Brooklyn neighborhood.

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6864

Longitude

-73.9443

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].