431 98th St Brooklyn, NY 11212-4250

This exceptional mixed-use property at 431 E 98th St, Brooklyn, NY 11212, presents a compelling investment opportunity. The 1,840 square foot building, constructed in 1930, sits on a 1,000 square foot lot and boasts a desirable 7.13% cap rate with a Net Operating Income (NOI) of $56,342. The asking price is $790,000, translating to $429.35 per square foot. This two-story structure features one residential apartment and a commercial storefront, zoned R6, C1-3, offering flexibility for various uses. The commercial space is available vacant, allowing for immediate occupancy or lease-up. Its prime Brownsville location provides high foot traffic and visibility, enhanced by convenient access to public transportation and nearby amenities. This property is ideal for owner-occupants seeking a live-work arrangement or investors seeking strong returns in a growing Brooklyn neighborhood. The building's versatile layout and strategic location make it an attractive prospect for both short-term and long-term investment strategies. The strong community spirit and diverse demographic of Brownsville further contribute to the property's appeal. This is a rare opportunity to acquire a well-positioned mixed-use asset in a thriving Brooklyn neighborhood.