124 30Th StBrooklyn, NY 11232

For Sale
$1,750,000

Mixed-use building, high cap rate, ideal location.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional mixed-use property at 124 30th St, Brooklyn, NY 11232, offers a unique blend of commercial and potential residential space. Boasting 3,400 square feet across two stories, this building, constructed in 1910 and completely renovated in 2024, presents a compelling investment opportunity with a projected 6.00% cap rate and a pro-forma NOI of $100,000. The permitted M1-2 zoning allows for diverse uses. The ground floor features 1800 square feet of newly renovated space, complemented by a 700 square foot basement and a substantial 700 square foot backyard – perfect for a studio, showroom, or gallery. The second-floor 1000 square foot space offers live/work potential. Modern amenities include an electric roll-up gate, new storefront, HVAC system, and an ADA-compliant bathroom. Situated on a 2,500 square foot lot, this property benefits from its prime location across from Industry City's creative businesses and the Brooklyn Design HUB. Convenient access to the BQE, and the 36th or 25th Street subway lines, along with easy parking, adds to its appeal. The open layout allows for flexible configuration to suit various business needs. Occupancy is slated for October 1, 2024. The asking price is $1,750,000.

Highlights

  • Exceptional mixed-use building, 3,400 sq ft, 2 stories, completely renovated in 2024.
  • Prime Brooklyn location at 124 30th St, across from Industry City and the Brooklyn Design HUB.
  • M1-2 zoning allows diverse uses; ground floor features 1,800 sq ft of renovated space, 700 sq ft basement, and 700 sq ft backyard.
  • Second floor offers 1,000 sq ft of live/work potential.
  • Modern amenities include electric roll-up gate, new storefront, HVAC, and ADA-compliant bathroom; projected 6.00% cap rate and $100,000 pro-forma NOI.
  • Asking price: $1,750,000; Occupancy: October 1, 2024.

Property Details for 124 30Th St

Property type
Other retail properties, Other office properties
Square Feet
3,400 SF
Year Built/Renovated
1910/2024
Stories
2

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6585377
Longitude
-74.0027135
124 30Th St, Brooklyn, New York

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124 30Th St
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