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1108 Blake Ave
Brooklyn, NY 11208

$1,425,000 USD

Storefront Retail Residential For Sale  •  3,000 SF

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 3,000 SF
  • Lot Size 0.03 AC
  • Building Class C
  • Year Built 1910
  • Cap Rate 8.60 %
  • Tenancy Multiple
  • Zoning R5
100 Transit Score
74 Walk Score

Highlights

Corner-lot mixed-use asset with retail, residential, and garage
Long-term deli tenant with lease through 2030 and annual escalations
Delivered vacant residential unit offers immediate upside
Projected 8.6% cap rate with pro forma NOI of $132,834
Located in East New York near Montauk and Atkins Avenues

Property Flyers

Cap Rate: 8.60 %

Public Transportation

Commuter RailDriveWalkDistance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 7 min - 2.5 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 14 min - 4.7 mi
Transit/SubwayDriveWalkDistance
Shepherd Avenue (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 2 min 9 min 0.4 mi
New Lots Avenue (3,4 Line) (3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway)) 2 min 10 min 0.5 mi
Euclid Avenue (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 2 min 11 min 0.6 mi
Van Siclen Avenue (3,4 Line) (3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway)) 3 min 16 min 0.8 mi
Van Siclen Avenue (A,C Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 3 min 18 min 1.0 mi
AirportDriveWalkDistance
John F Kennedy International 12 min - 7.0 mi
LaGuardia 21 min - 11.1 mi
Newark Liberty International 41 min - 20.5 mi
Haley Hasho 646-840-8201 Exodus Capital
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