Property summary
This exceptional investment opportunity encompasses two adjacent three-story mixed-use buildings situated at 715 and 725 Dumont Avenue in Brooklyn, New York, 11207. The property boasts a total of 8,640 square feet, with a net rentable area of 4,000 square feet. Each building features a commercial unit on the ground floor and five residential units above, totaling twelve units across both buildings. The buildings are situated on a 1.5-acre lot and are zoned R6. The property generates a substantial net operating income (NOI) of $291,571. Conveniently located just two blocks from the Pennsylvania Avenue subway station, residents and tenants enjoy easy access to the 2, 3, 4, and 5 subway lines. The surrounding neighborhood offers a variety of amenities, including the Brooklyn Public Library, Hyde Leadership Charter Middle School, and the Martin Luther King Jr. Playground. This property presents a rare chance to acquire a well-established, income-producing asset in a thriving Brooklyn location. The strong NOI and convenient location make this an attractive investment for both seasoned and emerging investors. The property's mixed-use nature provides diversification and potential for future growth. This is a turnkey opportunity with immediate income generation.
Property profile
VerifiedCap rate & NOI
Current use
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Grocery & Convenience Store Food Market
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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