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1701 Elm Ave

2,300 SF 100% Leased Retail Building Brooklyn, NY 11230 $1,300,000 ($565/SF)

Executive Summary

Welcome to an unparalleled investment opportunity in the heart of Midwood! This prime mixed-use building boasts a strategic corner location, offering exceptional exposure along the bustling Ave M commercial strip. Comprising two spacious commercial storefronts and a charming one-bedroom residential unit above, this property offers versatility and income potential. With a full storage basement and zoning R7A, the possibilities for expansion or development are endless. Spanning 27 x 42 feet with a lot size of 32 x 103 irregular, this property presents a rare chance to secure a foothold in one of Brooklyn's most coveted neighborhoods. Don't miss out on this chance to make your mark in the thriving Midwood community!

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,300 SF
Building Class
C
Year Built
1931
Price
$1,300,000
Price Per SF
$565
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.66
Lot Size
0.08 AC
Zoning
R7A - Medium-density apartment house district with lower parking requirements
Frontage
76 FT on East 17th Street
Walk Score ®
Walker's Paradise (94)
Transit Score ®
Rider's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Chase
Apple Bank
Dime Community Bank
Webster Bank
Valley National Bank
Bank of America
Starbucks
The Berkshire Bank
Citi
Flagstar

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06737-0061
Land Assessment
$25,200
Improvements Assessment
$69,300
Total Assessment
$94,500
  • Listing ID: 31783315

  • Date on Market: 5/13/2024

  • Last Updated:

  • Address: 1701 Elm Ave, Brooklyn, NY 11230

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