Listed by Invictus Property Advisors
$1,500,000
1108 Blake Avenue
Details
Property Type Mixed Use
Square Footage 3,400
Units 3
Cap Rate 7.66%
NOI $114,848
Occupancy 33%
Price per SqFt $441
Lot Size (SqFt) 1,400
Zoning R5 | C1-3
Parking Spaces 2 spaces
Parking per 1,000 SqFt 0.59
Ground Lease No
Vacant Free-Market Mixed Use
Marketing description
Invictus Property Advisors is pleased to present the exclusive offering of 1108 Blake Avenue, a three (3) unit mixed-use asset located in East New York, Brooklyn.
The building comprises two (2) vacant free market residential units, and one occupied ground floor retail space is leased to a deli that runs through 2028. The property also has a two-car garage in the rear.
The property is protected under Tax Class 1, which limits property tax increases year over year. Additionally, the lot benefits from QRS (Qualified Residential Site) designation and features a 2.5 FAR. It is also conveniently situated just five (5) blocks from the Shepherd Street Subway Station, served by the C line.
Listing Contacts
Listed by Invictus Property Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$114,848.00
$9,570.67/mo
Valuation Metrics
0
DSCR
7.66%
Cap Rate
7.66%
ROI
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