Prime Mixed-Use Commercial Investment
Seize the opportunity to own a versatile and income-generating property in a high-demand location. This well-positioned mixed-use asset offers:
Established Commercial Tenant: The ground-floor retail space is currently occupied by a long-standing, reputable business—providing immediate, stable income and reducing leasing risk for investors.
Five Residential Units: Thoughtfully designed apartments with contemporary finishes. Several units are currently leased, with strong rental demand offering excellent potential to achieve full occupancy.
Value-Add Upside: With room to optimize residential rents and lease remaining units, this property presents a compelling opportunity for increased cash flow and long-term equity growth.
Strategic Location: Located in a vibrant, transit-accessible area surrounded by retail, dining, and residential development—ideal for both commercial and residential tenants.
Diversified Income Streams: Benefit from a balanced mix of commercial and residential revenue, offering financial stability and resilience.
Fully Tenanted Commercial Space: The commercial unit is leased to a reliable, long-term tenant, making this an ideal hands-off investment with no need for owner occupancy or business setup.
10,503 Sq Ft
0.2661 Private Acres Exterior Space
Investment
$13,152 Annual Tax
Built in 1935
MLS/Listing ID B1617424
2 Stories
5 Units
Refrigerator
Gas Water Heater
Electric Range
Electric Oven
Shingle
Parking - Driveway
Heating - Gas
Heating - Baseboard
Community - Laundry Facilities
Construction - Vinyl Siding
Construction - Brick
Vinyl
Laminate
Carpet
Hardwood
Parking - No Garage
Parking - One Space
Parking - Shared Driveway
Lot - Near Public Transit
Coin-operated
PAUL BUTTENHOFF - 646-377-1087
Source of Data: NEW YORK STATE MLS