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234 Troy Avenue Brooklyn $2,100,000
  • 3,815
    SF
  • 5
    Units
  • 7.00%
    Cap Rate
  • R6, C1-3
    Zoning
  • $3,941
    ANNUAL TAX BILL
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234 Troy Avenue 234 Troy Avenue 234 Troy Avenue
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INVESTMENT HIGHLIGHTS

INVICTUS Property Advisors has been retained on an exclusive basis for the sale of 234 Troy Avenue in the heart of Crown Heights, Brooklyn. The subject property is a three (3) story mixed-use walkup building located on the corner of Troy Avenue & Sterling Place.

 

The property contains three (3) ground floor retail units and two (2) floor-through four-bedroom residential apartments. The retail units are all fully occupied and leased to essential retailers such as a deli/grocery, coffee & tea shop and barber shop. The apartments, which are both four-bedrooms that are large enough to fit king-sized beds, have had a very low turn-over rate year-over-year. Both residential units were gut renovated and the residential unit on the third floor exhibits exposed wood ceilings beams, soaring 16' ceilings, exposed brick, and two full bathrooms. Both units are flooded with natural light with a southwest facing façade along approximately 110' of wraparound frontage.


Ownership has recently performed several major capital improvements such as installing a new gas boiler, a full replacement of the roof and flue lines.


The building is located near the 3, 4 & 5 subway lines, just four blocks away on Utica Avenue and Eastern Parkway.

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