850 Clarkson Ave, Brooklyn, NY 11203

This fully renovated and occupied mixed-use property in Brooklyn offers a compelling investment opportunity with immediate, stable cash flow and strong long-term upside in a rapidly developing corridor. The residential component features four fully renovated apartments, including two four-bedroom units and two two-bedroom units. Each unit has independent boilers for separate heating control. All apartments are free market with annual leases and are 100% occupied with Section 8 tenants, providing reliable, government-backed income. The commercial component consists of two street-level retail storefronts, which are fully renovated spaces with separate utilities for commercial tenants. Investment highlights include minimal owner expenses, with the landlord responsible only for water and common area electricity, and fully upgraded systems, including plumbing, electrical, and heating. The property is strategically located near major development projects expected to significantly enhance the area’s residential density and economic activity, including 329 Clarkson Avenue (Clarkson Estates) with approximately 328 units finished in 2026, and 564 Utica Avenue (Utica Crescent) with approximately 325 units under development. These projects, along with additional nearby developments, are projected to bring over 1,000 new residential units within a 2-mile radius by 2027, driving increased foot traffic, rental demand, and long-term asset appreciation. The location has a bike score of 74, indicating it is very bikeable, a walk score of 88, indicating it is very walkable, and a transit score of 98, indicating it is a rider's paradise. This offering combines stable, government-backed residential income, retail upside potential, and low management intensity, positioning it as ideal for investors.