1435 64Th St Brooklyn, NY 11219

This exceptional mixed-use property, located at 1435 64th Street in Brooklyn, NY (zip code 11219), presents a compelling investment opportunity. The 6,540 square foot building, constructed in 1920 and extensively renovated in 2022, boasts a Class A designation and features a blend of retail, office, and multifamily spaces. Currently operating at 100% occupancy with five tenants, the property generates a substantial net operating income (NOI) of $207,000, translating to an attractive 5.92% cap rate. The building comprises three stories and sits on a desirable corner lot, benefiting from high foot traffic and proximity to public transportation, including the D subway line. The property is zoned M1-1 and features separate utility meters and hot water tanks for each unit. Leases are structured with a 3% rent bump at renewal, ensuring consistent income growth. The asking price is $3,495,000. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use asset in a thriving Brooklyn neighborhood. The sale includes the ground floor retail storefront/office duplex, which will be delivered vacant upon closing. The remaining units are occupied by top-paying tenants. This property is ideal for owner-users or investors seeking a strong return on investment.