8681 18Th Ave Brooklyn, NY 11214

Property Details for 8681 18Th Ave

Year built

1924

Lot size

0.14 lot acres

Property size

11,600 SF

Zone code

C8-1

Property type

Retail residential properties

APN

06369-0013

APU

63690013

Description

This exceptional two-story mixed-use commercial building, located at 8681 18th Ave in Brooklyn, Kings County, New York (zip code 11214), presents a compelling investment opportunity. Boasting 11,600 square feet, the property is offered at $6,900,000, translating to a price per square foot of $594.83. The building benefits from a C8-1 zoning designation. Currently, two commercial tenants occupy the space, generating consistent income. A significant advantage is the presence of a tax abatement, providing substantial financial relief that extends until 2027. The property's location in a high-traffic area ensures excellent visibility and accessibility for businesses. This makes it an ideal investment for those seeking a stable, income-producing asset in a thriving Brooklyn neighborhood. The building's size and zoning offer flexibility for future development or expansion, catering to a variety of commercial uses. This is a rare opportunity to acquire a well-situated, income-generating property with significant long-term potential. The coordinates are 40.6055437 latitude and -74.0039841 longitude.

Location Insight

City

Brooklyn

County

Kings

State

New York

Longitude

-74.004

Latitude

40.6056

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments