Free Market Mixed-Use Building
$2,600,000
1075 64th Street, Brooklyn, NY 11219
4.63
Cap Rate
129,662
NOI
Details:
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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Location
Gallery
