Log In/Sign Up
Your email has been sent.
1425 Foster Ave 2,992 SF Vacant Retail Building Brooklyn, NY 11230 $3,090,279 CAD ($1,032.85 CAD/SF) 5.95% Cap Rate
Investment Highlights
- Delivered 100% Vacant | Ideal for Owner-User or Value-Add Investor
- Prime Commercial Storefront + Spacious 3-Bed/2-Bath Residence & Basement
- Under 500 Feet to Newkirk Plaza Express B/Q Subway Station
Executive Summary
EXECUTIVE SUMMARY
1425 Foster Avenue, Ditmas Park, Brooklyn, NY 11230
Asking Price: $2,199,000 | Building Size: ~3,400 SF | Delivered 100% Vacant
THE OPPORTUNITY
Positioned in one of Central Brooklyn's most vibrant commercial corridors, 1425 Foster Avenue presents a rare mixed-use investment opportunity. Spanning approximately 3,400 interior square feet across multiple levels plus a finished lower level, this classic brick property will be delivered 100% vacant at closing. This allows for immediate repositioning, owner-user occupancy, or a value-add leasing strategy without tenant buyout complications.
PROPERTY HIGHLIGHTS
* Turnkey Delivery: 100% Vacant on Day 1 for immediate occupancy or leasing.
* Ground-Level Commercial (~1,700 SF): High-visibility storefront with direct street frontage along Foster Avenue.
* Upper Residential Unit: Spacious 3-Bedroom, 2-Bathroom apartment ideal for high-end market rent or owner residence.
* Finished Lower Level: Full basement providing substantial storage, utility housing, or auxiliary workspace.
* Infrastructure: Solid brick construction featuring updated ductless heat pump heating/cooling systems and natural gas utilities.
* Low Overhead: Favorable annual NYC property tax assessment (~$6,487/year), keeping holding costs minimal and maximizing NOI.
LOCATION AND TRANSIT ADVANTAGE
* Subway Proximity: Located under 500 feet from the Newkirk Plaza B/Q express subway station, ensuring constant daily foot traffic and direct access to Manhattan.
* Strategic Corridor: Situated on Foster Avenue between Coney Island Avenue and East 15th Street at the border of Ditmas Park, Midwood, and Flatbush.
* Local Anchors: Steps away from popular neighborhood dining, shopping strips, local banking, and PS 217.
INVESTMENT STRATEGIES
1. Commercial Owner-User: Establish your retail store, medical office, or professional practice on the ground floor while using or renting the upper residence.
2. Value-Add Investor: Capitalize on strong Brooklyn market rents by leasing both units to achieve a projected 5.0% to 6.0% Pro Forma Cap Rate.
3. 1031 Exchange Target: Clean, unencumbered asset with straightforward management and low maintenance demands.
PROPERTY FINANCIALS
* Price: $2,199,000
* Building SF: 3,400 SF (~$646.76/SF)
* Lot Size: 1,310 SF
* Annual Property Taxes: ~$6,487
* Zoning: Commercial Overlay / Residential Mixed-Use
1425 Foster Avenue, Ditmas Park, Brooklyn, NY 11230
Asking Price: $2,199,000 | Building Size: ~3,400 SF | Delivered 100% Vacant
THE OPPORTUNITY
Positioned in one of Central Brooklyn's most vibrant commercial corridors, 1425 Foster Avenue presents a rare mixed-use investment opportunity. Spanning approximately 3,400 interior square feet across multiple levels plus a finished lower level, this classic brick property will be delivered 100% vacant at closing. This allows for immediate repositioning, owner-user occupancy, or a value-add leasing strategy without tenant buyout complications.
PROPERTY HIGHLIGHTS
* Turnkey Delivery: 100% Vacant on Day 1 for immediate occupancy or leasing.
* Ground-Level Commercial (~1,700 SF): High-visibility storefront with direct street frontage along Foster Avenue.
* Upper Residential Unit: Spacious 3-Bedroom, 2-Bathroom apartment ideal for high-end market rent or owner residence.
* Finished Lower Level: Full basement providing substantial storage, utility housing, or auxiliary workspace.
* Infrastructure: Solid brick construction featuring updated ductless heat pump heating/cooling systems and natural gas utilities.
* Low Overhead: Favorable annual NYC property tax assessment (~$6,487/year), keeping holding costs minimal and maximizing NOI.
LOCATION AND TRANSIT ADVANTAGE
* Subway Proximity: Located under 500 feet from the Newkirk Plaza B/Q express subway station, ensuring constant daily foot traffic and direct access to Manhattan.
* Strategic Corridor: Situated on Foster Avenue between Coney Island Avenue and East 15th Street at the border of Ditmas Park, Midwood, and Flatbush.
* Local Anchors: Steps away from popular neighborhood dining, shopping strips, local banking, and PS 217.
INVESTMENT STRATEGIES
1. Commercial Owner-User: Establish your retail store, medical office, or professional practice on the ground floor while using or renting the upper residence.
2. Value-Add Investor: Capitalize on strong Brooklyn market rents by leasing both units to achieve a projected 5.0% to 6.0% Pro Forma Cap Rate.
3. 1031 Exchange Target: Clean, unencumbered asset with straightforward management and low maintenance demands.
PROPERTY FINANCIALS
* Price: $2,199,000
* Building SF: 3,400 SF (~$646.76/SF)
* Lot Size: 1,310 SF
* Annual Property Taxes: ~$6,487
* Zoning: Commercial Overlay / Residential Mixed-Use
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$202,118
|
$67.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$10,106
|
$3.38
|
| Effective Gross Income |
$192,012
|
$64.18
|
| Taxes |
$9,105
|
$3.04
|
| Operating Expenses |
$25,265
|
$8.44
|
| Total Expenses |
$34,370
|
$11.49
|
| Net Operating Income |
$157,643
|
$52.69
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $202,118 |
| Annual Per SF | $67.55 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $10,106 |
| Annual Per SF | $3.38 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $192,012 |
| Annual Per SF | $64.18 |
| Taxes (CAD) | |
|---|---|
| Annual | $9,105 |
| Annual Per SF | $3.04 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $25,265 |
| Annual Per SF | $8.44 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $34,370 |
| Annual Per SF | $11.49 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $157,643 |
| Annual Per SF | $52.69 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,992 SF
Building Class
C
Year Built
1933
Price
$3,090,279 CAD
Price Per SF
$1,032.85 CAD
Cap Rate
5.95%
NOI
$183,872 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.00
Lot Size
0.03 AC
Zoning
R6A - Medium density residential district
Frontage
25’ on Foster Ave
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05235-0028 | Total Assessment | $147,988 CAD |
| Land Assessment | $16,358 CAD | Annual Taxes | $9,105 CAD ($3.04 CAD/SF) |
| Improvements Assessment | $131,630 CAD | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
05235-0028
Land Assessment
$16,358 CAD
Improvements Assessment
$131,630 CAD
Total Assessment
$147,988 CAD
Annual Taxes
$9,105 CAD ($3.04 CAD/SF)
Tax Year
2026 Payable 2026
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
BASIT ESTATES
1425 Foster Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.