1401 Foster AveBrooklyn, NY 11230

Property Details for 1401 Foster Ave

Year built

1933

Lot size

0.06 AC

Property size (Sq ft)

3,680 SF

Zone code

R6A

Property type

Investment properties

Property subtype

Live-work space

APN

05235-0037

APU

52350037

Description

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.

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.634

Longitude

-73.9639

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].