85 ROCKAWAY AVE BROOKLYN NY 11233-2709
$123,600 Gross Annual Income | Renovated Mixed-Use | Storefront + Two 2BR Apartments
Marketing description
85 Rockaway Avenue is an income-producing, renovated mixed-use investment property located in Ocean Hill, Brooklyn. The property consists of one commercial storefront currently occupied by a pet store, plus two renovated 2-bedroom residential apartments.
The current rent roll totals $10,300 per month, or $123,600 annually. The commercial storefront generates $5,000/month, while the two residential apartments generate $2,500/month and $2,800/month. One residential apartment is expected to become vacant soon, creating additional flexibility for an owner-user, investor re-rental, or future rental upside.
The property consists of approximately 2,504 SF of building area on a 1,444 SF lot, with 2 stories and original construction circa 1931. It is identified as a mixed-use building with S2 classification, primarily two-family with store or office.
The property offers strong in-place income, renovated residential units, retail frontage, and a transit-accessible Brooklyn location near the A/C at Rockaway Avenue, J/Z at Chauncey Street, L at Bushwick Avenue, and Broadway Junction.
This is a strong Brooklyn mixed-use investment opportunity with stabilized income, renovated apartments, and future flexibility from an upcoming residential vacancy.
Don’t miss the opportunity to acquire a high-performing mixed-use asset in a rapidly evolving Brooklyn neighborhood. Contact us today for additional details, financials, or to schedule a private tour.
Investment highlights
• Income-producing mixed-use building with one commercial storefront plus two 2-bedroom apartments
• Current rent roll totals $10,300/month, or $123,600 annually
• Commercial storefront currently occupied by a pet store paying $5,000/month
• Two residential apartments rented at $2,500/month and $2,800/month
• One residential apartment expected to become vacant soon, creating flexibility for an owner-user, re-rental, or future upside
• Renovated residential units with strong in-place income
• Approx. 2,504 SF building on a 1,444 SF lot
• Transit-accessible Brooklyn location near A/C, J/Z, L trains, and Broadway Junction
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