174 Wyona St Brooklyn, NY 11207
- Commercial real estate
- 3,450 SF
Current Use by Public Records
- StayLittyExotic Snacks / Store
Property Details for 174 Wyona St
- Year built
- 1905
- Property size
- 3,450 SF
- Property type
- Commercial real estate
Description
This exceptional mixed-use property at 174 Wyona St, Brooklyn, NY 11207, presents a compelling investment opportunity. The 3,450 square foot building, constructed in 1905 and extensively renovated in 2015, boasts a 6.70% cap rate and is priced at $1,189,000 ($344.64/sq ft). The property comprises four units: a ground floor store with a one-bedroom, one-bathroom apartment, and two additional two-bedroom, one-bathroom apartments on the upper floors. Each residential unit features hardwood floors, recessed lighting, updated kitchens with stainless steel appliances, and full bathrooms. A detached three-car brick garage provides parking for each tenant. Additional amenities include a coin-operated washer and dryer in the basement, new PTAC units (installed 2021), and gas heating. Situated on a 1,887 square foot lot (23.58 x 80 ft), the building itself measures 23.58 x 40 ft. The property benefits from its corner location at Wyona St and Liberty Ave, just one block from Atlantic Ave, and within easy reach of multiple subway lines (A, C, J, Z) and bus routes. Nearby amenities include Grace Playground and a CTown Supermarket. Zoned M1-4/R6A, MX-16, with a FAR of 1.83 and a maximum FAR of 3, this property offers significant redevelopment potential, allowing for the creation of a 7+ family dwelling based on current zoning ordinances. Annual property taxes are $3,886. This is a rare chance to acquire a well-maintained, income-producing asset with substantial upside potential in a rapidly developing area.
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
- -73.893668304766
- Latitude
- 40.67479255773
