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Sheepshead Bay

2212 Avenue U, Brooklyn, NY 11229

This mixed-use property in the vibrant Sheepshead Bay neighborhood of Brooklyn presents an exceptional opportunity for investors. The building features two residential apartments currently generating below-market rents, offering significant potential for rental increases. A well-established commercial tenant occupies the ground floor, providing a steady income stream of $3,819 per month, with a structured annual rent escalation of three percent. The commercial lease has three years remaining, ensuring stability for the new owner. Additionally, the property benefits from a real estate tax increase tied to the base year of 2020, allowing for predictable financial planning. With its prime location and diverse income sources, this property is strategically positioned for future growth and value appreciation.

Total Units: 1

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For Rent: 0

Building type: Attached

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Sheepshead Bay

2212 Avenue U, Brooklyn, NY 11229

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