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1108 Blake Ave 3,000 SF 100% Leased Retail Building Brooklyn, NY 11208 $2,095,740 CAD ($698.58 CAD/SF)
Executive Summary
Prime Mixed-Use Investment Opportunity in East New York, Brooklyn
3-Story Corner Property | Approx. 3,000 SF | 1 Retail Unit + 2 Residential Units
Occupancy: 25% (Retail Space is Occupied)
Established Deli Tenant in Place Through 2030 with Annual Rent Increases
Projected 8.6% Cap Rate Supported by Approximate Pro Forma NOI of $132,834
Multiple Income Streams Providing Stable Cash Flow and Long-Term Investment Potential
High-Visibility Corner Location Near Montauk and Atkins Avenues with Strong Foot and Vehicle Traffic
Glass Storefront with Excellent Signage, Strong Frontage, and Ground Floor Access
Move-In Ready Turnkey Space with Plumbing in Place
Private Garage Parking Plus Additional Street Parking
Close Proximity to Public Transit, Major Subway and Bus Lines, Highways, and Dense Residential Population
3-Story Corner Property | Approx. 3,000 SF | 1 Retail Unit + 2 Residential Units
Occupancy: 25% (Retail Space is Occupied)
Established Deli Tenant in Place Through 2030 with Annual Rent Increases
Projected 8.6% Cap Rate Supported by Approximate Pro Forma NOI of $132,834
Multiple Income Streams Providing Stable Cash Flow and Long-Term Investment Potential
High-Visibility Corner Location Near Montauk and Atkins Avenues with Strong Foot and Vehicle Traffic
Glass Storefront with Excellent Signage, Strong Frontage, and Ground Floor Access
Move-In Ready Turnkey Space with Plumbing in Place
Private Garage Parking Plus Additional Street Parking
Close Proximity to Public Transit, Major Subway and Bus Lines, Highways, and Dense Residential Population
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,000 SF
Building Class
C
Year Built
1910
Price
$2,095,740 CAD
Price Per SF
$698.58 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.30
Lot Size
0.03 AC
Opportunity Zone
Yes
Zoning
R5 - Medium density district with a height limit of 40 feet
Frontage
21’ on Blake Ave
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04071-0031 | Improvements Assessment | $73,791 CAD |
| Land Assessment | $6,526 CAD | Total Assessment | $80,317 CAD |
Property Taxes
Parcel Number
04071-0031
Land Assessment
$6,526 CAD
Improvements Assessment
$73,791 CAD
Total Assessment
$80,317 CAD
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1108 Blake Ave
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