Free Market Mixed-Use Building
1075 64th Street, Brooklyn, NY
$2,600,000
Price
4.63%
Cap Rate
$129,662
NOI
Overview
Description
Ariel Property Advisors has been retained on an exclusive basis to arrange for the sale of 1075 64th Street, also known as 6324 11th Avenue. The subject property is a 3-story mixed-use building located on the northwest corner of 64th street and 11th Avenue. The building totals 4,820 square feet and consists of 1 retail unit and 5 large 2-bedroom apartments that are free market. 2 of the apartments will be delivered vacant. The remaining 3 apartments do not have leases and are paying below-market rents on a month-to-month basis. The commercial lease has expired and the Salon tenant is currently paying month- to-month.
The property is located 2 blocks away from mass transportation at the Fort Hamilton Parkway N & W subway station, and 4 blocks away from the 62nd Street station D line. The property is also 4 blocks from both the B9 & B64 bus lines. There are 3 schools within walking distance, houses of worship and stores all along 10th Avenue.
Please contact our office for more details.
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