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    1910 Eastern Pkwy Brooklyn, NY 11233

    For Sale
    $1,250,000

    Prime Eastern Parkway location, high cap rate.

    Property size:
    960 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional mixed-use property at 1910 Eastern Parkway, Brooklyn, NY 11233 presents a compelling investment opportunity. The 960 square foot building sits on a 960 square foot lot and is offered at $1,250,000 with a remarkable 50% cap rate. The property features two residential units, each boasting two bedrooms, updated kitchens, and ample living space. These units are ideal for rental income generation. The ground floor offers a versatile commercial space, perfect for a variety of businesses, benefiting from high visibility and foot traffic on Eastern Parkway. The property's strategic location provides easy access to public transportation and local amenities. Recent updates ensure the building is well-maintained and ready for immediate occupancy. This property is an excellent choice for investors seeking strong returns and entrepreneurs looking to establish a business in a vibrant Brooklyn neighborhood. The combination of residential and commercial space offers a unique blend of income potential and operational flexibility. Don't miss this chance to acquire a well-positioned, high-yield asset in a thriving area.

    Property Features for 1910 Eastern Pkwy

    General Information

    Property type
    Mixed-use properties
    Square Feet
    960 SF

    HighLights

    • Exceptional mixed‑use investment opportunity in Brooklyn, NY.
    • 960 sq ft building on a 960 sq ft lot, priced at $1,250,000 with a 50% cap rate.
    • Two 2‑bedroom residential units with updated kitchens, ideal for rental income.
    • Ground floor commercial space offering high visibility and foot traffic on Eastern Parkway.
    • Excellent location with easy access to public transportation and amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    SHONY Remodeling & Design Remodeler Reliable Tax & Bus ... Tax Preparation Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    36047
    State
    New York
    Longitude
    -73.9077361
    Latitude
    40.6776323

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Eastern Parkway location, high cap rate.
    Where is this mixed-use property located?
    The property is located at 1910 Eastern Pkwy Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Exceptional mixed-use investment opportunity in Brooklyn, NY.; 960 sq ft building on a 960 sq ft lot, priced at $1,250,000 with a 50% cap rate.; Two 2-bedroom residential units with updated kitchens, ideal for rental income.
    Request Owner's contact information
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    Brooklyn, NY 11233
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1910 Eastern Pkwy Brooklyn, NY 11233
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