77 Cedar St Brooklyn, NY 11221
- Mixed-use properties
- 4,500 SF
Current Use by Public Records
- Mixed-use properties
Property Details for 77 Cedar St
- Property size
- 4,500 SF
- Property type
- Mixed-use properties
- Property subtype
- Apartment buildings
Description
This exceptional mixed-use property, located at 77 Cedar St in Brooklyn, NY 11221, presents a compelling investment opportunity. Situated between Evergreen and Central Avenue in Bushwick, this block-through building boasts approximately 4,500 square feet on an irregular 29 ft x 80.75 ft lot. Zoned R6, C2-3, the property comprises five units: four three-bedroom apartments and one commercial store. Currently operating at 100% occupancy, the building generates a substantial Net Operating Income (NOI) of $175,000, resulting in a strong 5.93% capitalization rate. The asking price is $2,950,000, translating to $655.56 per square foot. This turnkey investment offers immediate cash flow and significant potential for future appreciation in a rapidly developing Brooklyn neighborhood. The lease type is NNN (Net, Net, Net), and the tenancy is single. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use asset in a prime Brooklyn location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9269
- Latitude
- 40.6977
