725 Dumont Ave Brooklyn, NY 11207
- Retail properties
- 8,640 SF
- 1.50 lot acres
Current Use by Public Records
- DESTRINI GROCERY / Grocery Store
Property Details for 725 Dumont Ave
- Lot size
- 1.50 lot acres
- Property size
- 8,640 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
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.
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
- -73.8918
- Latitude
- 40.6668
