9 Newport St 8,314 SF 92% Leased Retail Building Brooklyn, NY 11212 $3,999,000 ($481.00/SF) 9.14% Cap Rate

12-unit mixed-use corner building: seven (7) 100% free-market studio apartments over five (5) ground-floor commercial units
Tax Class 2B — assessed value increases capped at 8% annually / 30% over five years
Not subject to rent stabilization, with strong in-place rents across the residential portfolio
Commercial component 100% leased, providing full stabilized retail income
Six of seven studio apartments currently leased, offering immediate income with lease-up upside on the remaining unit
Prime corner location at Newport Street & East 98th Street, Brownsville, Brooklyn
Fully gut-renovated retail spaces with a 100% leased roster
Approximately 130 feet of wraparound frontage for exceptional visibility and street presence
Zoned R6/C1-3 with a 2.02 FAR, supporting a balanced residential/commercial mix
Two blocks from the 3 train (Saratoga Avenue) and a short ride to the L train (New Lots Avenue)
Situated in a growing Central Brooklyn submarket with strong residential and commercial demand
Rare opportunity to acquire a stabilized, high-return, newly renovated mixed-use asset with in-place cash flow and minimal remaining
lease-up