$7,495,000

Premier Mixed-Use Investment Opportunity in Sheepshead Bay Discover unparalleled potential at 1637 Sheepshead Bay Road, a versatile mixed-use property situated in one of Brooklyn's most vibrant and high-traffic neighborhoods. This expansive property offers incredible income-generating opportunities and untapped redevelopment potential, making it perfect for investors, developers, and visionaries alike. Property Details: Lot Size: 50 ft x 177 ft Zoning: C4-2 Building Size: 13, 149 SF Ground Floor and Lower Level: Commercial Unit (Owner-occupied by Monica's Bridal, can be delivered vacant) Second Floor: 4 Residential Units (Three 2-bedroom apartments and one 1-bedroom apartment) Offering Price: $7, 495, 000 Highlights: Development Opportunity: With additional FAR available, bring your architect to explore redevelopment options and unlock the full potential of this property. Prime Commercial Space: The ground floor, currently home to the renowned Monica's Bridal, is ideal for a new commercial tenant or a complete reimagining of the space. Location, Location, Location: Situated on bustling Sheepshead Bay Road, this property boasts 50 ft of frontage and is surrounded by major retailers like Chase Bank, Starbucks, CVS, and Stop and Shop. Neighborhood Features: High-traffic area with easy access to public transportation, including the N, B subway lines and multiple bus routes. Close proximity to shopping, dining, and amenities in a thriving Brooklyn community. Financial Overview: Total Annual Income (Apartments + prospective NNN Lease): $560, 550 Annual Operating Expenses: Insurance: $13, 000 Water: $1, 500 Sprinkler/Fire Alarm: $2, 000 Real Estate Taxes: $88, 589 Total Expenses: $105, 089 Net Operating Income (NOI): $445, 461 CAP Rate: 6% Whether you're looking to capitalize on steady income, secure a high-demand commercial location, or embark on a redevelopment project, 1637 Sheepshead Bay Road offers the flexibility and potential to meet your goals. The development possibilities, combined with its prime location and stable income, make it a rare and attractive investment. Contact us today to explore this unique opportunity!