571 Ocean Parkway Brooklyn, NY 11218

This new, fully occupied 30-unit mixed-use building is located in the heart of Kensington, between Church Avenue and Foster Avenue, just minutes from Prospect Park Lake. Built in 2023, the property features excellent signage and exposure. The building includes one medical office and eighteen parking spaces. Interior features include high 10' ceilings, an elevator, motion sensor lights, sprinklers, all new LED lighting, 3-phase power, and central air conditioning. The property benefits from strong R7A zoning. The location is near UPS, Kia, The Home Depot, Target, Costco, NYU Langone, ShopRite, T.J. Maxx, Walgreens, CVS, Extra Space Storage, Staples, Planet Fitness, Blink Fitness, Taco Bell, McDonald's, Meineke Car Care, and Aldi. The property offers upside potential and could be a valuable addition to an investment portfolio or a new home for a business. The property generates a gross income of $1,017,419.04 annually, with a net operating income of $967,697.04 annually. Expenses include $21,823 annually for utilities, $5,113 annually for maintenance and repairs, $3,200 annually for management, $12,053 annually for insurance, and $7,533 annually for taxes. The property size is 24,510 square feet.