East New York Gem located one short block from the 3 train at Pennsylvania Avenue and .2 miles from a 6 story residential development and .6 miles from East New York Health Club. 627 Blake is 3,510 sqft. Built 19.5 x 60 ft while the lot is 19.5. x 80. This 3 story mix-use building is comprised of 4 residential units and 1 retail space. 627 owns 50% of the commercial lease. Ideal for a 1031 buyer or an investor looking for a fully occupied property that is performing. The building is Free Market with value-add potential. Price per sqft of $292. Currently fully occupied and performing at a 7.3% cap. With buyout of the 2 units paying under market value, projected cap is 8%. Contact me to schedule a showing today ! Disclaimer: All information deemed reliable, but is not guaranteed and should be independently verified.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
