Marcus & Millichap is pleased to present the property located at 890 Rockaway Avenue, a four-story corner brick mixed-use building located at the corner of Rockaway Avenue and Chester Street in the Brownsville Section of Brooklyn, New York (Block: 03625; Lot: 0033). The building is built approximately 25 feet by 100 feet, and sits on a 25 foot by 100 foot lot.
The property is currently comprised of nine residential units and two stores. There are currently 6 one-bedroom apartments and 3 two-bedroom apartments. Currently, two of the nine apartment units are vacant and the remaining can be delivered vacant upon request which provides for tremendous upside.
The commercial Deli at the corner has 3 years remaining on the original 5 year lease with a 5 year option period. There are also 3% annual increases in place and reimburses for 20% of the taxes. The second commercial space will be delivered vacant.
The building is located in Brownsville within walking distance of the 3 and the L Train. The property is zoned R6, C1-3.
