325 Nostrand AveBrooklyn, NY 11216

This exceptional investment opportunity presents two contiguous four-story mixed-use buildings located at 325-327 Nostrand Avenue in Brooklyn, New York. The property boasts a total of 8,424 square feet situated on a 2,850 square foot lot. Built in 1931, these walk-up buildings currently house eight residential units and two retail spaces, achieving 100% occupancy. The current Net Operating Income (NOI) stands at $338,202, translating to a compelling 7.35% capitalization rate. Pro forma projections indicate a potential NOI of $371,802, resulting in an even more attractive 8.08% pro forma cap rate. The property is zoned R6A/C2-4, offering flexibility for future development or renovations. This prime Brooklyn location, in Kings County, zip code 11216, presents a rare chance to acquire a well-performing, mixed-use asset with significant upside potential. The buildings' strong performance and desirable location make this an ideal investment for both seasoned and emerging real estate investors seeking a stable and profitable addition to their portfolio. The current high occupancy rate and strong cash flow provide immediate returns, while the pro forma projections suggest significant room for growth and value appreciation.