3,000 SF | 1108 Blake Avenue | 3-Story Corner Property for Sale in East New York – Over 8% Projected CAP

Property Details

Property Type	Multifamily
Property Name	3,000 SF | 1108 Blake Avenue | 3-Story Corner Property for Sale in East New York – Over 8% Projected CAP
Number of Floors	3

Property Description

3-Story Corner Property for Sale in East New York - Projected CAP Over 8%

Location Description

Located in East New York between Montauk Ave & Atkins Ave near the Shepherd Ave subway station.

Nearest Transit: C & A trains at Shepherd Ave and the B15, B14, & Q8 bus lines.

Nearby tenants include Mercy Construction Inc, Cypress Hills Playground, Intermediate School 218, Dell Liquor, Kinstate Community Center, Serendipity HRM Consulting LLC, Blake & Milford Day Care Center, All Nations New Testament Church of God Fellowship Inc, and more

Highlights

• Prime Mixed-Use Investment Opportunity in East New York, Brooklyn
• 3-Story Corner Property | Approx. 3,000 SF | 1 Retail Unit + 2 Vacant Residential Units
• Established Deli Tenant in Place Through 2030 with Annual Rent Increases
• Projected 8.6% Cap Rate Supported by Approximate Pro Forma NOI of $132,834
• Multiple Income Streams Providing Stable Cash Flow and Long-Term Investment Potential
• High-Visibility Corner Location Near Montauk and Atkins Avenues with Strong Foot and Vehicle Traffic
• Glass Storefront with Excellent Signage, Strong Frontage, and Ground Floor Access
• Move-In Ready Turnkey Space with Plumbing in Place
• Private Garage Parking Plus Additional Street Parking
• Close Proximity to Public Transit, Major Subway and Bus Lines, Highways, and Dense Residential Population

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