BEDS10
BATHS
MLS#990289
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Fully Renovated Mixed-Use Property for Sale This turnkey, fully occupied mixed-use property presents a compelling investment opportunity with immediate, stable cash flow and strong long-term upside in a rapidly developing Brooklyn corridor. Residential Component(4) Four fully renovated apartments(2) Four-bedroom units(2) Two-bedroom units Each unit features independent boilers for separate heating control 100% occupied with Section 8 tenants, providing reliable, government-backed incomeAll Apartments Free Market with annual leases Commercial Component Two Street-level retail storefront(s) Fully renovated spaces Separate utilities for commercial tenants Investment Highlights Minimal owner expenses: landlord responsible only for water and common area electricity Fully upgraded systems: plumbing, electrical, and heating. Immediate cash flow. Strong tenant demand in high-growth submarket Location & Growth Drivers Strategically located near major development projects expected to significantly enhance the area's residential density and economic activity: 329 Clarkson Avenue (Clarkson Estates) - ~328 Units Finished 2026 564 Utica Avenue (Utica Crescent) - ~325 Units Under DevelopmentThese projects, along with additional nearby developments, are projected to bring over 1,000 new residential units within a 2-mile radius by 2027 driving increased foot traffic, rental demand, and long-term asset appreciation. Investment Summary This offering combines: Stable, government-backed residential income Retail upside potential Low management intensity Positioning in a growth corridor Ideal for investors
Property Features
Property Type: Multi Unit - Multiple
Basement: Finished, Full, Walk-Out Access
Basement: Yes
Cooling: ENERGY STAR Qualified Equipment
Heating: ENERGY STAR Qualified Equipment
Lot Size: 0.06 Acres
Taxes: $28,000
Year Built: 1931
Amenities
Breakfast Bar
Eat-in Kitchen
ENERGY STAR Qualified Door(s)
Entrance Foyer
Formal Dining
Galley Type Kitchen
Granite Counters
High Ceilings
High Speed Internet
Kitchen Island
Low Flow Plumbing Fixtures
Marble Counters
Natural Woodwork
Open Kitchen
Primary Bathroom
Feature Descriptions
Cap Rate: 7
Days on Site: 28
Exterior: Brick, Energy Star, Foam Insulation, ICFs (Insulated
Formal Dining: Yes
Lot Features: Corner Lot, Near School, Near Shops, Other, Paved, Private, See Remarks, Views
On Market Date: 2026-04-24
Parking Features: None
Rental Term: Monthly
Sewer: Public Sewer
Units: 6
Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Trash Collection Public, Underground Utilities, Water Available
Water: Public
Listed By / Shown By
Listing By
Agency Name: Real Estate Concept Group Inc
Agency Contact: 786-246-1709
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Estimate Your Payment
Estimated Payment
$ 12,150.54 per month $8,679.71 Principal & Interest $2,333.33 Property Tax $1,137.50 Homeowner's InsuranceChange Payment Information
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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850 Clarkson Ave | MLS# 990289
This multi-family property located at 850 Clarkson Ave , Brooklyn, NY 11203 is currently listed for sale with an asking price of $3,900,000. Search Brooklyn real estate on www.coldwellbankerchoice.com today.