2 Apartments and 1 Office (Office Can be Delivered Vacant, or Occupied with a Lease from Seller)
The Brennan Team of Marcus & Millichap is pleased to present 1913 Avenue Z, a mixed-use
building located between Ocean Avenue and East 19th Street in the Sheepshead Bay
neighborhood of Brooklyn, offered at $1,400,000. The Property consists of two residential
units and one commercial unit totaling approximately 2,683 square feet, with 2,281
rentable square feet. With a current cap rate of 4.90 percent and the potential to achieve
a 5.91 percent cap rate in year one, the offering presents a compelling opportunity for
both income-focused and value-add investors. This well-maintained asset features the
opportunity to enhance returns through strategic leasing and a stable income stream,
with additional upside potential in a growing and transit-accessible submarket.
The building is in excellent condition and offers notable flexibility with its commercial
component, which can be delivered either vacant or with a new lease, allowing investors to
tailor tenancy and maximize income potential. Additionally, one of the residential units is
currently vacant, presenting immediate rental upside. A one-car garage further enhances the
Property’s appeal, providing a valuable amenity in this dense Brooklyn submarket. Situated in
Sheepshead Bay, the property benefits from proximity to local retail corridors, dining options,
and public transportation, supporting consistent residential and commercial demand.
1913 Avenue Z represents an opportunity to acquire a turnkey mixed-use asset with leasing
flexibility, parking, and rental upside in a well-established Brooklyn neighborhood
INVESTMENT HIGHLIGHTS
• Sheepshead Bay Mixed-Use Building
• Option for Office to be Delivered Vacant, or with Brand New Lease
• One-Car Garage Included
• One Apartment is Vacant and Offers Rental Upside
• Building is in Overall Excellent Condition
100 days
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Zillow last checked:
Listing updated:
Listed by:
Marcus & Millichap Real Estate Investment Services Inc617-852-2038,
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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