Log In/Sign Up
Your email has been sent.
1108 Blake Ave
Brooklyn, NY 11208
Retail Property For Sale
Executive Summary
Prime Mixed-Use Investment Opportunity in East New York, Brooklyn
3-Story Corner Property | Approx. 3,000 SF | 1 Retail Unit + 2 Residential Units
Occupancy: 25% (Retail Space is Occupied)
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
3-Story Corner Property | Approx. 3,000 SF | 1 Retail Unit + 2 Residential Units
Occupancy: 25% (Retail Space is Occupied)
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
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,000 SF
Building Class
C
Year Built
1910
Price
$1,500,000
Price Per SF
$500
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.30
Lot Size
0.03 AC
Opportunity Zone
Yes
Zoning
R5 - Medium density district with a height limit of 40 feet
Frontage
21’ on Blake Ave
Property Taxes
| Parcel Number | 04071-0031 | Improvements Assessment | $52,920 |
| Land Assessment | $4,680 | Total Assessment | $57,600 |
Property Taxes
Parcel Number
04071-0031
Land Assessment
$4,680
Improvements Assessment
$52,920
Total Assessment
$57,600
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
