2617 East 16th Street, Brooklyn, NY 11235

100% Occupied Condominium Building containing:

• Eight (8) residential units;
• One (1) full-floor medical office;
• One (1) retail store; and,
• Five (5) indoor parking spaces.

For sale in its entirety as a very unique opportunity. Keep the free market units rented as is and produce a reliable return, bring them closer to market rents (current rents are ~60% of FMV rental rates) and produce a premium rate of return to the acquisition price, OR proceed under the original condominium plan and sell the pieces to users, OR do some of each. Any scenario is a win in this dynamite location.

All apartments are M-T-M and well below market; Medical office just exercised its only 5-year option with annual increases in the rent; retail is M-T-M at below FMV rental rate.

One block from the Sheepshead Bay Road MTA subway station housing the express B-line and the F-line. Half block from Sheepshead Bay Road for all shopping and dining needs. A handful of blocks from Sheepshead Bay itself and all of the restaurants and shopping along Emmons Avenue.

Unique opportunity to control indoor, off-street parking in an area where that is supremely valuable despite the incredible public transportation access.

Municipal parking lot within one block with monthly parking available is an attribute that makes renting any of the units that much more appealing.