1108 Blake Avenue
Mixed Use | 8.60% CAP | 3,000 SqFt
Marketing description
Prime mixed-use investment opportunity in East New York, Brooklyn, featuring a three-story corner property totaling approximately 3,000 square feet with one retail unit and three vacant residential apartments. Anchored by an established deli tenant in place through 2030 with annual rent increases, the asset offers stable income and strong upside potential, supported by a projected 8.6% cap rate and approximate pro forma NOI of $132,834. The property benefits from excellent visibility near Montauk and Atkins Avenues, a glass storefront with strong signage exposure, move-in ready retail space with existing plumbing, private garage parking, and convenient access to major subway lines, bus routes, highways, and a dense surrounding residential population.
Investment highlights
- Prime Mixed-Use Investment Opportunity in East New York, Brooklyn
- 3-Story Corner Property | Approx. 3,000 SF | 1 Retail Unit + 2 Vacant Residential Units
- Established Deli Tenant in Place Through 2030 with Annual Rent Increases
- Projected 8.6% Cap Rate Supported by Approximate Pro Forma NOI of $132,834
- Multiple Income Streams Providing Stable Cash Flow and Long-Term Investment Potential
- High-Visibility Corner Location Near Montauk and Atkins Avenues with Strong Foot and Vehicle Traffic
- Glass Storefront with Excellent Signage, Strong Frontage, and Ground Floor Access
- Move-In Ready Turnkey Space with Plumbing in Place
- Private Garage Parking Plus Additional Street Parking
- Close Proximity to Public Transit, Major Subway and Bus Lines, Highways, and Dense Residential Population
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