Description

This renovated free-market mixed-use building in Crown Heights offers an attractive 7% cap rate and strong upside potential in rents. The property benefits from an official DHCR order confirming 100% free-market status, providing investors with operational flexibility and long-term growth opportunities. Residential units feature split-system electric heating and cooling, with many offering private outdoor space, enhancing tenant appeal. Complemented by a quality retail tenant and conveniently located near Prospect Park and multiple public transportation options, this asset presents a compelling investment opportunity in a dynamic Brooklyn neighborhood.