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Mixed-Use For Sale | 266 Saratoga Avenue

$1,250,000

266 Saratoga Avenue, Brooklyn, NY 11233

Active
Last Updated: 03/26/2025

4,470 sqft

Building Size

3

Units

Details:
Building Size:    4,470 sqft
Units:    3
Price Per Sqft:    $279
Highlights:
  • Value-Add: Property in need of full gut renovation.
  • Fully Free Market: The property is fully free market, allowing future ownership to capitalize on neighborhood improvement.
  • Owner-User Potential: Retail unit will be delivered vacant, presenting an attractive owneruser opportunity.
  • 117 Feet of Wraparound Frontage: Corner retail exposure on Atlantic Avenue, with over 29,000 vehicles per day.
  • Protected Tax Class: Tax Class 1 limits tax increase to no more than 6% per year or 20% over 5 years.
  • Public Transportation: Close proximity to Ralph Ave C Train, and within a few blocks of the L, A, C, J & Z train lines at Broadway Junction, with direct access to Bushwick, Downtown Brooklyn, the Rockaways, and Jamaica, Queens.
  • Basis: At the asking price of $1,250,000, the price per square foot equates to $279, well below average for free market product.
  • Fully Built out Retail: Extension has 750 square feet of vacant storage that can be utilized or repurposed for additional cashflow.
Map:
Documents:
Title
Offering Memorandum
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Location
Gallery