Investment Highlights

• 4-story mixed-use building with 2 commercial units & 12 studio apartments
• The 2 commercial spaces are leased to a Vape Shop and Diaz Electronics. The Vape store is currently operating on a MTM lease and Diaz Electronics is leased through May of 2024
• Entirely Free-Market and not subject to rent stabilization
• Located on the north side of Dekalb Avenue between Throop Avenue & Marcus Garvey Boulevard
• Of the 12 studio apartments, 9 are vacant with the 3 remaining on MTM leases creating a value add opportunity for investors
• All units are individually metered and tenants pay their expenses
• Rents in the neighborhood for studios are averaging north of $2,350/month
• Easy access to transportation with the G train a short walk away at the Myrtle-Willoughby station and the B38 bus located on the same block as the property

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Getting around

91/100
Walk Score ®
99/100
Transit Score ®
84/100
Bike Score ®

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Location

City Brooklyn, NY
Neighborhood Bedford-Stuyvesant
Zip Code 11221
Market Brooklyn

Points of Interest

Flushing Avenue

0.52 miles
Kosciuszko Street

0.61 miles
Bedford–Nostrand Avenues

0.71 miles
Kingston–Throop Avenues

0.90 miles
New Bell Car Service

0.94 miles
Gates Avenue

0.99 miles
Classon Avenue

1.06 miles
Nostrand Avenue Station Entrance

1.07 miles
Franklin Avenue

1.15 miles
Hewes Street

1.18 miles

Pure Energy

0.49 miles
BP

0.51 miles
Exxon

0.52 miles
Revel

0.66 miles
Xpress Lane

1.05 miles
Citgo

1.09 miles
Shell

1.15 miles
ChargePoint

1.85 miles
Tesla Supercharger

1.89 miles
plugNYC

2.80 miles

MMP Parking LLC

1.36 miles
Cielo Garage

1.49 miles
Underhill Garage

1.69 miles
The Brooklyn Museum and Botanic Garden

1.98 miles
NYPD Brooklyn Tow Pound

2.12 miles
Rapid Park

2.14 miles
Havens Place Lot

2.23 miles
Garfield Garage

2.37 miles
Edison ParkFast

2.44 miles
MPG

2.50 miles

Artel 535

0.68 miles
Holiday Inn Express

0.70 miles
New York Moore Hostel

0.81 miles
Hotel Bogart Street, Brooklyn

0.86 miles
New York Loft Hostel

0.86 miles
Condor Hotel

1.01 miles
Mirage Brooklyn

1.05 miles
La Quinta

1.09 miles
The Brooklyn Hotel

1.11 miles
42 Hotel

1.14 miles

Bravo

0.08 miles
Ideal Food Basket

0.14 miles
Western Beef

0.22 miles
Shop Fair

0.35 miles
Lincoln Market

0.42 miles
Associated

0.42 miles
Sajoma Gourmet Corporation

0.52 miles
Walgreens

0.54 miles
Met Fresh

0.70 miles
Peoples Department Stores

0.87 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.