Free Market Mixed-Use Building in Fort Greene

Highlights:

• Asset Overview: 100% Free Market, four-story mixed-use building featuring (1) ground-floor commercial space and (3) residential units.
• Residential Unit Mix: (3) spacious two-bedroom apartments, including modern finishes and stainless steel appliances. Unit 1 includes a 325-square-foot outdoor terrace.
• Tax Class Protected: Tax Class 2A designation, providing investors with limits on year-over-year tax increases.
• Immediate Occupancy: The retail space will be delivered vacant, presenting an ideal opportunity for an end-user or an investor looking to increase cash flow in the building.
• Revenue Upside: Significant value-add potential for residential units, as in-place rents are below comparable rents for two-bedroom units.
• Premier Transit Access: Centrally located near the Clinton–Washington Ave, Nevins St, and DeKalb Ave stations. Direct access to the G, B, D, N, Q, R, 2, 3, 4, and 5 subway lines, offering seamless connectivity across all five boroughs.
• High-Traffic Corridor: Situated in the heart of Fort Greene, a bustling retail destination surrounded by national and local credit tenants, with foot traffic of 10,000 pedestrians daily.

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